You know that you want to pick a guardian for your child, and you're interested in making it part of your estate plan. You're a relatively young parent, so you don't assume that this will ever be needed, but you know how important it is to have one in place. If...
Estate Planning
Estate planning after a divorce
Divorce changes many aspects of life. One thing that you might not think about right away is having to rewrite your estate plan. While you might be tempted to do this before the divorce is finalized, there are several things that you can’t update until after the...
What is a power of attorney?
People who are creating an estate plan usually focus on passing out their assets to their loved ones. While that’s one of the main goals of estate planning, there’s much more that you should think about when you’re getting your plan together. One component of an...
Do you need to put your debts in your estate plan?
When you start drafting your estate plan, you begin by looking at all the assets that you own and taking an inventory. You then decide on what you want to do with those assets, whether you're looking to leave them directly to your heirs or to put them in a trust....
How can you plan for an heir who isn’t good with money?
You have always put a lot of thought into how you use and save your money, making wise financial decisions for decades. This has helped you amass a fair amount of wealth, and you’re happy with your lifestyle. As you grow older and begin making an estate plan, though,...
What’s the best way to approach your parents about estate planning?
As the child of an aging parent, you're likely thankful that they've maintained good enough health to continue taking care of themselves without any outside intervention. You may worry about the future, though. You might want to ensure that they have an estate plan in...
New parents need an estate plan
The birth of a new child really changes your life. You have to think about how to take care of someone who is completely dependent on you. You need to adjust your schedule -- especially your sleep schedule. It can feel like there is just so much to consider. As you...
Am I too young for an estate plan?
If you are over the age of 18, it is an appropriate time to look into starting your basic estate plan. While you may or may not have significant assets at this age, having an estate plan is still important. When you’re younger, the more important aspects of an estate...
Understanding how the California probate process works
The death of a loved one can be incredibly devastating. However, you still have responsibilities to handle even during the grieving period. You have to look into the deceased’s estate and assets -- and this can require a great deal of effort and time. A person’s...
What type of wills are available in California?
Estate planning can be a lot to take in all at once. There are a lot of concepts involved, but the easiest way to get through the process is to take it one step at a time. Let’s take a closer look at the different types of wills available to California residents. 3...