Statistics show that 68% of Americans don’t have a will in place, putting their affairs at risk of probate and lots of hassles for their heirs. You’ve already done the hard work and created an estate plan, and you might be feeling like you’re already ahead of the game, right? Well, it is an excellent…
An estate plan is a comprehensive plan you have created showing how you want all of your assets handled after death or when you’re incapacitated. Estate planning ensures that all of your beneficiaries receive your possessions and other assets in a way that minimizes income and estate taxes. When you don’t have your own estate plan,…
What are the Steps to Being a Conservator? Did you know that there are around 1.3 million active cases of guardianship and conservatorship in the US? While it may often hit the headlines in the mainstream media, conservatorship does serve an essential purpose. But do you know the responsibilities of a conservator? The process is not…
What Is A Beneficiary Of A Living Trust? The terms for each role in a living trust oftentimes get confused with each other. Sometimes people mistakenly believe that a trustee is a beneficiary and vice versa. While this confusion is common, it can cause some misunderstandings amongst family members. Through this article,…
This question is often asked by clients both during the estate planning process and in the trust administration process after someone has passed. Through this article, we plan to clear up a bit of the confusion surrounding this important role. When someone decides to create a trust, whether it be a revocable living trust or…
If you have been a reader of our newsletters and blog articles for any period of time, you know we offer many solutions to avoiding probate. However, you should be equally concerned with avoiding conservatorship, for many of the same reasons. If you have ever gone through the conservatorship process for a loved one, you…
A very important part of establishing your comprehensive estate plan is addressing Medicaid benefits. Medicaid is the federal government program that provides medical care for those who do not have the means to do so. Here in California, the program is administered by the State under the Medical program. If you don’t plan for these…
After arranging your revocable trust and other estate planning documents with an attorney, it is easy to assume that you have checked estate planning off of your list forever. The reality is not so simple. Not only do tax laws frequently change, but so does your life. The smallest change could have a big impact…
Estate planning is an incredibly important tool, not just for the uber wealthy or those thinking about retirement. On the contrary, estate planning is something every adult should do. Estate planning can help you accomplish any number of goals, including appointing guardians for minor children, choosing healthcare agents to make decisions for you should you…
When someone dies, they often leave behind assets that must be disbursed and debts that must be paid. The process by which this happens is probate. It is a court-supervised process by which these tasks are handled in accordance with the law, with the ultimate goal of achieving fairness in the distribution. The process occurs…
