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As more aspects of life shift online, it is important to consider what happens to your digital assets when you pass away. These assets include everything from email accounts and cloud storage to cryptocurrency and online banking profiles. Without a plan, your loved...
It is most common for parents to create estate plans with roughly equal bequests. For instance, they may divide financial assets equally among their adult children or leave property—like a vacation home—to all of them jointly, making them co-owners. However, it’s...
Have you ever considered making a trust for your estate plan? Much like a will, a trust can allow you to choose who should inherit your assets after you pass away. Unlike a will, a trust can protect your estate from probate, estate taxes and disputes. There are many...
Powers of Attorney (POAs) are an essential component of estate planning. However, to make the most of these documents, it’s important to understand the different types of POA. The agents named in POAs make decisions on your behalf. These can be financial or they can...
If you’re creating a business succession plan as part of your estate planning process, it’s essential to avoid making assumptions. One of the most critical mistakes business owners make is assuming their adult children want to take over the family business. For...
A power of attorney is a useful legal document to include in your estate plan. It allows you to designate someone else to make decisions on your behalf. These decisions could involve medical care, legal matters or financial affairs, depending on the type of power of...
Some adults realize that they need to make a plan for passing their assets down to their loved ones, but they may not know that they also need to make plans for what will happen if they become incapacitated. Having a plan for your medical care in case you can’t make...
Establishing a will is an important estate planning step for most adults in California. A will allows an individual to provide for their dependents, choose their personal representative and create a legacy that reflects their personal values. Not all wills are valid...
For business owners who are looking into estate planning, business succession planning may also be necessary. This creates a plan to pass the company ownership on to the next generation. This may be done when the business owner passes away, but it will often be done...
When making an estate plan, it can be wise to begin with your most expensive assets. These have the potential to cause disputes. The expense alone can be problematic – beneficiaries may want to make sure they get “their cut” – and it can lead to disputes between...
