When should you begin starting your estate plan? The short answer is: if you’re reading this, it’s time. There are many misconceptions about the estate planning process and we are here to break it down so you don’t have to. While a portion of estate planning does refer to the management of any of your […]
No one likes to think about their mortality, but it is essential to plan for the future. It is tempting to put off creating your estate plan, but what happens if you wait too long? Creating an estate plan is one of the most important things you can do for yourself and your loved ones. […]
Oftentimes, estate planning can be misconstrued with needing to have a substantial amount of wealth – but that is not the case. Estate planning is a great way to make sure that your wishes are carried out regardless of your financial status. Protecting your assets and loved ones is essential in understanding the importance of […]
Very few people want to see an estate end up in probate. It is an expensive and lengthy process that requires a judge to validate and authenticate your will and name an executor. Creditors must then be notified and paid off before distributing your assets to the beneficiaries. There are a few ways to prevent […]
Power of attorney (POA) is a legal document that authorizes someone to act on behalf of another person. The person who designates power of attorney is the principal. The person acting on behalf of the principal is known as the agent. This can be helpful if you need to delegate authority temporarily to manage finances, […]
No one wants to think about estate planning, but it’s a critical part of life. As you grow older, it becomes increasingly important to have a solid plan. A well-drafted plan can ensure your assets are distributed according to your wishes after you pass and help minimize the tax burden and emotional stress on your […]
A durable power of attorney is a legal document that allows an individual to appoint someone else to make decisions on their behalf if they can no longer do so themselves. However, California has specific criteria for a durable power of attorney to be legally binding. You will want to make sure you understand those […]
When most think of an estate plan, they typically consider it something that is only for the wealthy, but that couldn’t be further from the truth. An estate plan is an important part of any individual or family’s financial security. It determines how your assets will be distributed after your death and can also dictate […]
Estate planning is a necessary process that everyone should undertake. You can ensure your assets are distributed according to your wishes and that your loved ones are taken care of by creating an estate plan. This topic may seem morbid to think about, but it’s essential to have a plan in place so that your […]
No matter your age or financial status, you can always benefit from having an estate plan for your family. While it’s difficult to think of what will happen in the event of premature death, estate planning will remove the stress on your family while receiving your possessions. If you want the best for your spouse […]