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Medical professionals in California encounter life-or-death situations every day. However, few take the time to consider their own deaths. But like everyone, it’s important to plan their estates. While they may share the same estate planning issues as the rest of the...
A trustee is a person who manages and administers trusts. In San Diego and elsewhere, trusts are legal arrangements that set out specific terms and conditions for an individual or group of people. A trustee's role is to ensure that all follow the trust's terms and use...
Probate is the legal process of transferring ownership of property from a deceased person to their heirs. It can be a lengthy and expensive process, so many people try to avoid it if possible. The question is, how can you avoid probate? Create a trust Usually, when...
Bypass trusts are an estate planning strategy that could benefit wealthy couples or people who have children from a previous marriage. This type of trust shelters your assets from federal estate tax up to the exemption amount, and it allows you to include other...
All California adults should consider creating an estate plan. However, you should know about the most common estate planning mistakes and how to avoid them. Not having an estate plan The biggest mistake you can make is not having an estate plan at all. If you die...
California allows you to create irrevocable trusts in your estate plan. An irrevocable trust is mostly set in stone, so you should be fairly certain before setting it up because you won't be able to revoke or modify it. The benefits of an irrevocable trust are...
Creating an incapacity plan, but it's not something to avoid. If something happens and you don't have one, it makes it harder on your family and friends. California defines incapacity as an inability to perform acts or make decisions. An incapacity plan allows capable...
California is a place full of many happy families enjoying life. With that said, an important part of life is talking about potentially uncomfortable topics with your parents. As your parents are getting older, it's imperative to know they have estate plans in place....
Trusts provide methods for managing significant wealth and assets. When preparing one, you need to make sure that your California trustee will distribute its assets according to your wishes. Why should you set up a trust? Trusts protect assets and wealth for the...
Coping with a loved one's loss in California can be very difficult. But, you can have a hard time moving on if you believe that their true wishes weren't carried out the way they would've wanted. And so, if you think that something is wrong with their will or perhaps...