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Estate planning in California lets this state's residents prepare for the future. For most people, setting up a trust is an essential part of the estate planning process. However, as you know, life is often full of unpredictability. By decanting your trust, life's...
Probate is a legal process that administers estates, settles debts, and distributes assets to the intended beneficiaries. If you plan to leave property or other assets behind, you must understand the importance of the probate process in California. Initiating probate...
If you are beyond your 60th birthday, it may be time to get ready to retire. There are at least five things you should do before you throw a retirement party. Consider your financial needs While there are many factors to consider, generally, you will need about 75% of...
Many California residents create estate plans to make things easier and less expensive for surviving family members. One thing that they may be worrying about is estate taxes. Estate taxes are the taxes that surviving family members will have to pay on an estate once...
In the past, people assumed that only the super-wealthy needed to create estate plans. Today, that fact has been disproven, as estate plans provide a litany of benefits to everyone regardless of their social standing. California residents who remain on the fence about...
Elder abuse causes physical harm, pain, or mental suffering to a person over 65 or any dependent adult because of a psychological or physical disability. It also includes when needed items are withheld from these individuals. In California, about 200,000 people will...
A will is a legal document that outlines how a person's assets and belongings are to be distributed after their death. However, a will is not a one-time affair; it can become outdated over time. California residents should be aware of the factors that can render a...
Contrary to what some people believe, estate planning isn't exclusive to the rich and famous. Creating one in California can be highly beneficial for you and your family if you want to protect your wealth for the future. This step allows you to plan for your own...
Individuals can create special needs trusts in California to hold benefits for people with special needs. The money in the trust often is not counted as assets when qualifying for federal programs, but there may be specific ways that the trust's assets may be spent....
Recent legislation has made life just a little bit easier for parents in California and around the country who are raising children with developmental, mental or physical disabilities. The Tax Cut and Jobs Act of 2017, the Coronavirus Aid, Relief, and Economic...
