When it comes to choosing an executor for a will, many people who create them often go the default route. They automatically choose their oldest child to oversee this extremely responsible role of settling the estate, distributing assets, paying outstanding bills and...
A revocable living trust is an estate planning tool that documents the management of your assets after your death. Examples of assets to put in such a trust include: Valuable personal possessions Real estate Investments Bank accounts Some trusts do not allow you to...
You are trying to put together a solid estate plan so that you know that the people you love will be taken care of if you pass away. You also want to know that your wishes will be carried out if you are badly hurt or can no longer speak on your own behalf. Your...
For most parents, one of their biggest goals and achievements will be helping their children achieve independence by the time they are legally adults. Some young adults are ready to move out and start jobs when they turn 18, while others may need financial and social...
Over the coming decades, adults age 65 or older are expected to account for a quarter of the U.S. population. Millions of them will likely suffer from Alzheimer’s disease and related dementia. Many already are fighting this battle. This reality will force many younger...
Imagine having too much money to know what to do with it. For some people, that is true in life; for others, only in death. If you have children, you may decide that leaving them too much will harm rather than help them. Or perhaps you have no heirs and are not sure...
Many people put off their estate planning when they’re single, either because they don’t have many assets or because they don’t know who they would leave them to. Some continue to neglect it after they get married, even as they gain more assets, just assuming...
When you’re handling estate planning tasks, you might realize that your loved ones are going to be hit with a costly estate tax. Unfortunately, this is something that you’ll have to address very carefully since there are only certain ways to do this lawfully. One of...
Legal terms can be confusing. Under California law, there is something known as a guardianship and something else known as conservatorship. While people often interchange the two words, technically, "guardianship" refers to children and "conservatorship" to an adult....
Creating an estate plan at any time in your life is sure to bring a few challenges to the forefront. However, once you deal with these head on, you’ll feel better about the future. When you have young kids, the estate planning process is even more complicated. Not...