Preparing your estate plan can help you protect your assets and interests after you die. One of the foundations of this plan is your will. According to the American Bar Association, a will allows your executor to distribute certain property according to your wishes...
While the state of California does not have a state-specific estate or gift tax, federal taxes still apply to the estates of California residents. People often get estate and gift taxes confused. How are the federal estate and gift taxes different? What is different...
The estate plan that includes the will belongs to the person who has died. Once the will reaches probate, the person listed as the beneficiary receives the inheritance. However, you may not be the only person to get money from the estate. California is one of the...
If you have not yet created your estate plan, you might consider starting with the basics, such as your will plus powers of attorney (POA) for finances and healthcare. You probably agree that having a will is a good idea. But why are powers of attorney important? The...
Using your computer and going online is likely a big part of your daily routine. Technology and the emergence of the internet may have transformed your life in recent years, much like many other Americans. According to the Pew Research Center, only 7% of adults in the...
People who want to leave behind financial or securities accounts for their loved ones typically want to do this in the easiest way possible. The answer might be to establish a Totten trust, which is considered a revocable trust. Some people know of the Totten trust by...
You have worries. Those concerns have centered on your special needs child who has relied on you and your spouse to care for her since the day she was born. Who will maintain those financial and everyday responsibilities once you and your spouse are gone? How can you...
A revocable living trust is a legal entity created to serve any number of purposes. Your trust could help you qualify for Medicaid if you need it when you get older. It could provide resources for a child with special needs. It could even help you minimize any tax...
One area that is crucial for any couple is estate planning. As a same-sex couple, you may wonder if there is anything, in particular, you need to be aware of when creating your estate plan. In 2015 the Supreme Court ruled that all states must allow same-sex marriages...
Lots of people have life insurance policies as a form of protection for their family's future when they pass away. Typically, the beneficiaries of these policies are the heirs and/or spouses of the insured. The money is paid directly to those beneficiaries, without...