The majority of California residents recognize the need for some form of estate planning. For some, this involves creating a will; for others, it involves creating a trust and power of attorney to go along with the will. However, one aspect of everyday life that is generally forgotten about during the estate planning process involves digital assets. For things to run smoothly, it is vital that this aspect be accounted for in order to aid in the estate administration process.
It is certainly not unusual to note that doctors, dentists and many other medical professionals have multiple and distinct planning needs that are flatly dissimilar from individuals in other career fields.
If you worked hard for decades, making all requisite payments to government entitlement programs through payroll withholding taxes, you're dutifully entitled to receive benefits under the Medicaid program in the event you need long-term care, right?
If you're lucky enough to have a second residence where family getaways and annual vacations occur (by a river perhaps, or far off in the woods), you likely feel truly blessed.
Legions of aging baby boomers in California and across the country believe that many of their financial concerns regarding health care will abate as they enter their senior years, owing to their eligibility for Medicare benefits they have worked hard for over decades.
Are aspects relating to your so-called "digital assets" -- which are likely expanding in seemingly exponential fashion -- just about to drive you crazy? Are you having trouble simply keeping track of them?
If your Southern California family has recently dropped off a child at college to begin his or her newly exciting life as a freshman, you and your spouse might be thinking that you've thought of everything that needs to be taken care of.
Land is certainly in no short supply in the United States. It's a big country, and many millions of individuals and families own deeds to real property.
OK, perhaps we should concede at the outset of this post that stratospheric pop star Prince did not bequeath an estate planning war in the wake of his recent passing.
It's pretty much like that annual medical check-up or every-so-often teeth cleaning. Or like that periodic oil change and kick-the-tires car inspection at the local auto shop.