Newman Law Group

July 2017 Archives

Are electronic wills coming to California?

As people reach the end of their lives, they often start to think about how to pass along their legacies and how they want to leave their mark on the world. For hundreds of years, the last chance for a person to make their mark on humanity has been through their last will and testament. Traditionally, wills have been recorded in writing, but with new technology comes new options. Currently, one startup company is trying to bring wills into the electronic age. Will people in California soon be making e-wills? 

Protecting assets means up-to-date beneficiary designations

An individual can spend one's entire life building a legacy, assuming it will ultimately be given to the family and friends that he or she loves the most. Unfortunately, assumptions and failure to maintain the details of that legacy mean that it is at risk should the person die with the wrong beneficiary designations on important life insurance documents and investments. Protecting assets includes creating a will as well as keeping important documents up to date. A recent news article shares horror stories as well as strategies for avoiding a beneficiary mix-up that people in California may find interesting. 

Trust preparation now can simplify finances later

Is there a way to streamline the distribution of finances after death and also keep the information private? Yes, one important element of estate planning is the revocable trust. California residents who undergo trust preparation now can avoid lengthy probate of wills and having their will become part of the public record. 

Have the conversation about health care directives

Life is filled with awkward conversations. From the birds and the bees to end-of-life wishes, it can be hard to make the time to talk about tough issues. But when people are able to talk about the important things in life, it can go that much more smoothly when the inevitable bumps and upsets happen. That's why a recent news article urges people in California and other states to have the conversation with their family about health care directives