When choosing an executor for your estate, you will likely gravitate toward people who know you and your family situation best. Oftentimes, this is another family member - one that you feel close to. But will that family member make for the best possible executor? The...
When making an estate plan, it is important to come up with the key figures who will carry the plan out. The most important figure in that regard is the estate plan's executor. But what exactly does an executor do? What duties and responsibilities does a role like...
A trust can be an effective tool for estate planning. When you are making arrangements for the distribution of your assets after your death, you may wish to consider using a trust instead of or in addition to a will to have better control over your estate. However,...
If you have restricted stock units (RSUs), you may wonder how those affect your estate plan. For example, you might have unvested stock that you want to put into a trust. According to the California Courts, property in a living trust does not have to go through...
Creating an estate plan can involve unique challenges if you have a high net worth. Preserving your assets for your children is a complex process that requires a thorough understanding of tax laws and estate planning. Prepare your estate early You may just be starting...
When you have a child, you are responsible for every aspect of that child's care. You must also provide for that child should you die. With guardianship, you can make arrangements for your child's care in the event of your death. Losing a parent can be traumatic for...
Anyone with assets needs to plan for the future. This reality holds especially true for people with significant wealth. Two essential components of estate planning are trusts and wills. Each can play a role in who gets which assets after your death. Despite this...
Some may feel fear about making plans for their future, especially when it comes to their children. They also may feel some concern about their assets and what to do with them. The reality is that while it may be intimidating to think about these things, doing so can...
The global financial crisis of 2008 motivated the elusive Satoshi Nakamoto to create cryptocurrency as a safer alternative to federal monies that remain in the hands of governments, banks and companies. In the ensuing years, individuals made non-fungible tokens (NFTs)...
Most people consider a family member or close friend to serve as their trust administrator because they want someone they know and love who understands their wishes. However, when your chosen trustee becomes untrustworthy, it can change your family dynamics and cause...