Estate Planning

Creating a business succession plan gives you a chance to think about how the next generation is going to carry on your legacy at the company. Not only do you want what’s best for your family members, who may be taking over that company, but you’re also looking out...

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...

It's vital to name a party to make decisions on your behalf regarding your finances, real estate, tax, and other matters related to finances and property when you are unable to. The California Statutory Power of Attorney (POA) form allows you to appoint this agent....

Estate planning can be overwhelming, from gathering documents to dealing with the emotions associated with it. Nonetheless, you can make your experience more manageable by working with professionals. So, who should be on your team? A financial advisor Most of the...

Although devastating to think about, you may be unable to raise your child to adulthood. You may become incapacitated or die while your kid is still a minor. Nonetheless, you can ensure they are well taken care of in your absence by naming a guardian. Your chosen...

Life is unpredictable, and you may get into a situation that affects your ability to make reasonable decisions regarding your financial and personal matters. You could get into an accident and suffer a traumatic brain injury or develop Alzheimer's due to old age. ...

Once you start your estate planning and draft a will, you may need to consider making a trust. A trust is a legal arrangement between you and a trustee. The trustee is responsible for managing trust funds, including distributing assets to beneficiaries and protecting...

You may have had family members or friends talk about their will. It may not have been a long conversation because wills are very personal to each individual. So, you may not know what the purpose of a will is or why you need one. What is a will? A will is a legal...

Most people use a standard will as the central pillar of their estate plan. They use it to detail what should happen to the assets they own when they die. Yet some people prefer to base their estate plan on a revocable living trust, instead. The main reason people do...