Pets are an important part of many families. Some individuals shudder to think that a pet would be abandoned or separated from everything it knows. That's why, in California, people may choose to include pets in their wills. Making a care plan for pets in the...
Wills
Updating wills can be vital for correct distribution of estate
On Behalf of Newman Law Group | Sep 6, 2017 | Wills
Many people tend to neglect the little details of life, until all of a sudden, life springs upon them and they are caught unaware. Updating wills, trusts and other estate planning documents can sometimes fall in the procrastination category. But there are reasons for...
Are electronic wills coming to California?
On Behalf of Newman Law Group | Jul 24, 2017 | Wills
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...
What are the tax issues re the inheritance of a 401(k) plan?
On Behalf of Newman Law Group | Jun 14, 2017 | Wills
In California as well as nationwide, it is not unusual for an heir to be the named beneficiary of a 401(k)-retirement plan. One positive factor of inheriting a retirement plan is that the beneficiary usually does not have to wait for the decedent's estate to be...
Asset protection in long-term care planning requires foresight
On Behalf of Newman Law Group | Jun 1, 2017 | Wills
Many people residing in California will prepare for the possibility of future long-term care assistance by directing that the expenses of that assistance be paid by federal Medicaid. However, the desire for that method of asset protection is easier said than done....
Appointment of a strong executor protects the heirs and assets
On Behalf of Newman Law Group | May 15, 2017 | Wills
There are several options that an individual or married couple residing in California may choose when deciding who to appoint in the will as a personal representative of the after-death estate. The first thing that people generally try to do is to appoint a trusted...
Estate planning provides asset protection for one's heirs
On Behalf of Newman Law Group | May 4, 2017 | Wills
In California and elsewhere, the process of estate planning serves several useful purposes. One of the most important is the protection of assets on behalf of one's selected heirs. Having everything in order at one's death will prevent unnecessary family squabbles and...
Wills and pet trusts allow owners to provide for beloved pets
On Behalf of Newman Law Group | Apr 21, 2017 | Wills
For many people throughout the country, including here in California, there is nothing more important than the well-being of their beloved pets. The thought of one's pets being dropped off at a public shelter upon the owner's death is anathema to the great majority of...
Asset protection looms as a major goal of estate planning
On Behalf of Newman Law Group | Mar 31, 2017 | Wills
In California and throughout the country, estate planning is a process of preparing for future eventualities in a way that protects one's family and dearest friends from inconvenience and even loss of one's assets. The use of various trusts, a will, power of attorney...
Wills may be constructed to fit many familial situations
On Behalf of Newman Law Group | Mar 22, 2017 | Wills
The prospect of a married couple dying simultaneously or near to each other, such as in an accident, is slim but it does happen. An estate planning attorney in California or elsewhere will consider that prospect when making mutual wills for a couple. The provision...
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