No matter our financial status, we all need to consider estate planning. If for nothing, a properly planned and executed estate could save our family’s prolonged litigations after our death. It can also provide families with some financial security and peace of mind. The sad thing is that most people don’t consider this for reasons…
We often don’t think about our future until it’s too late. And when it comes to estate planning, it is never too early to have a solid plan. While it may not be pleasant to think about, life is unpredictable. When we near the end of our life, we need to make sure our assets…
Suppose you want peace of mind when something happens to you, whether you are incapable of making important decisions or you’ve passed on. In that case, getting your trust funded is imperative to your beneficiaries. This simple process will take more weight off your shoulders and allow you to enjoy your time with your loved…
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…
