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...
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Trusts
What you should know about charitable trusts
When you hear about charitable trusts, you might initially think this tool is about donating to a charitable organization with no returns. But there is more to a charitable trust than you think. A trustor can still benefit, directly or indirectly, from a charitable...
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...
Protecting your assets with an irrevocable living trust
Irrevocable living trusts are a popular asset protection tool in California and throughout the United States. They allow individuals to transfer ownership of their assets to a trust, which is then managed by a designated trustee. This can provide numerous benefits,...
When can someone sue a trust?
Trusts are an excellent estate planning tool for Californians as they provide asset protection. Although someone generally can't bring a lawsuit against a trust, filing a claim against the trustee can occur. When creating your estate plan, you should understand the...
Establishing a trust fund: 3 critical steps to follow
A crucial step in the estate planning process in California is establishing a trust. Understanding the steps that go into creating trusts should make this process less overwhelming. Choosing the right type of trust Before people can open trusts, they must choose what...
Do living trusts make sense for California residents
Trusts might seem like a complicated estate planning tool for some California residents. Even though they sound complicated, living trusts can make the estate planning process go more smoothly. How does a living trust work? Anything placed into a living trust is...
Should you choose a revocable or irrevocable trust?
When creating your estate plan as a California resident, you might want to include a trust. You should know the differences between revocable and irrevocable trusts so you can choose the one that’s appropriate for you. What is a revocable trust? A revocable trust, or...
How to set up a special needs trust
The love and support you show for a disabled loved one in California doesn't have to end when you pass. You can set up a special needs trust in order to provide for them even after you are gone. There are a certain number of rules and regulations that will have to be...