A will is one of the most important legal documents that you can ever sign. Done right, a will takes the guesswork out of the equation and ensures that your assets pass down to the people and causes that you approve of when you die. Without one, the government might...
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Estate Planning
When can a no contest clause in a will be void?
A will dispute after the testator’s passing is not uncommon. This dispute can be time and resource-consuming. Worse still, it can sow a lasting seed of discord amongst family members. It’s for this among other reasons that a testator might want to add a no-contest...
How many agents do you need for your powers of attorney?
The longstanding adage goes, “With great power comes great responsibility.” In the context of estate planning, bestowing power on someone who will decide on your behalf in the event of incapacitation or death entails a pivotal commitment to delivering formalized...
Intestate succession: Where will my assets go if I have no will?
A will generally lets you decide who benefits from your assets after you pass away. This way, it helps reduce conflicts over matters like succession, inheritance and even taxes. But what if you pass on suddenly before you can write a will? This is where intestate...
Will vs. Trust – which fits your needs?
In the event of your incapacitation or death, you would prefer to have your affairs in order. A comprehensive estate planning process ensures that your wishes regarding seamless management and distribution of your wealth among your rightful survivors are honored. It...
Will a will prevent probate?
Probate is a long and expensive process of transferring a person’s property and assets upon death. The probate process would be the default in California unless the deceased took other estate planning measures, such as creating a living trust or establishing joint...
Can you trust your trustee?
Establishing a trust is one of the ways you can approach estate planning. The owner of the trust is the grantor, and they appoint a trustee. A trustee can be a family member or close friend but consider hiring a professional or an organization with no personal stake...
Comparing revocable and irrevocable trusts
Estate planning could involve many steps, such as drawing up power of attorney documents and writing a will. There are other matters that California residents may consider, including designing a trust. The planner could choose a revocable or irrevocable trust. Knowing...
How do you use an LLC for estate planning in California?
California business owners are familiar with an LLC is and how it can help their business. A limited liability company (LLC) is a business structure that blends aspects of partnerships and corporations. Turning your business into an LLC gives you a lot of legal and...
Helping your aging parents with their estate plans in California
Aging can be a period of great difficulty and complexity for people in California and around the country. During this time, the elderly need additional support and quality moments shared with family. If you have yet to help your aging parents create an estate plan,...