Category: ESTATE PLANNING – Estate Planning

8 Estate Planning Myths Debunked: What Californians Should Know

8 Estate Planning Myths Debunked: What Californians Should Know

Estate planning often conjures images of wealthy individuals drafting complicated wills and trusts to manage their vast assets. However, the reality is that estate planning is a critical process for everyone, regardless of financial status.  In fact, estate planning is an essential process for managing and distributing one’s assets after

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Three reasons to estate plan as a young adult

One commonly made mistake during the estate planning process is thinking that it’s only meant for those who are in the later years of their life. Those who hold this belief end up procrastinating in the creation of their estate plan, which then puts them, their estate, and their loved

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Why might I consider setting up a revocable trust?

There are many reasons why a Bay Area resident might decide to set up a revocable trust as part of their estate plan. To review, a Californian may set up a revocable trust while they are still alive. They then can move all or part of their wealth into the trust by

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Basic will requirements in California

Many people create a will to specify who will be getting their assets when the pass away. However, if the will does not meet state requirements, a probate court may determine the will to be invalid and therefore, unenforceable. An estate planning attorney or other professional can help you draft your will

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Single parents should have an estate plan

Everyone should protect their family by having a plan addressing their death or an emergency. Single parents may need to engage in estate planning more than anyone else. Guardians Single parents should consider what happens if they die or become incapacitated and who will care for their minor children. The child’s other parent will

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The pros and cons of revocable trusts

There are a variety of estate planning tools one might choose for the purpose of transferring assets upon death. There’s no one prime way to move generational wealth. Each tool has its advantages and disadvantages. Many Californians are opting for revocable trusts A revocable trust is an estate planning tool designed to sidestep

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