One common misconception about trusts is that only people of means set them up. That's not the case with revocable living trusts, though. There are many reasons why individuals set up revocable living trusts. There are a few common approaches owners use to fund this...
People sometimes find themselves in a position where they don’t want to leave their assets to their next immediate kin. Whether that’s a son or daughter, stepchild or another party, they may decide to skip that generation and leave their assets to their grandchildren...
Many people wait too long before considering their estate plan. This can make things more complicated than they need to be, and some people never plan their estate, making the probate process difficult for their loved ones. Estate planning doesn't need to be a morbid...
You have been a firearms owner all your life. In fact, you received your first shotgun as a small boy. It was passed down to you from your grandfather and one day you hope to pass it down to your own grandchild. Other than that vague intention, however, you have...
Many people spend a lifetime accumulating their wealth because they hope to leave a legacy behind for their heirs -- and there’s nothing wrong with that. Sometimes, however, they worry what will happen if they hand that money over too freely. That’s where incentive...
You were happy when you found out that you were going to become a grandparent. It was fantastic news, and you’re elated that your family will be expanding. You want to do something that will help your grandchild in the future, but you’re not sure what. One thing you...
Just as marriage will change your approach to estate planning, the same holds true of divorce. If you find yourself heading down this path, it’s critical that you review your estate plan and alter it accordingly. While this means something different to everyone, here...
An advance health care directive is one of the most important documents that any Californian of any age can have in their estate plan. However, it’s also one of the most emotionally challenging for many people to draw up. That’s because it addresses your wishes for a...
Conflict, arguments and differences of opinion are a basic part of being in a family. Siblings often playfully fight with one another and sometimes have deep-seated resentment toward each other because of things that happened decades ago. If you know that your...
Technically, everyone should have some sort of estate plan. It doesn’t matter how old you are, whether you’re married, or even if you have children. You’re simply better off with a plan in place. Realistically, though, most people put off this type of planning and do...