Welcoming a grandchild into your life is one of the most exciting milestones you can experience. Along with this joy, many grandparents begin thinking about how to secure a bright future for their growing family. This post outlines how an estate plan can help you meet...
You may want to put assets into a trust as part of your estate plan. This can give you some control over how those assets are used in the future. For instance, you could set aside money to pay for a beneficiary’s college education. However, you may be worried about...
Many parents who are small business owners may have always assumed that they would pass the company on to their children. They believe the business will stay in the family. They see it as a valuable asset and want to leave it to the next generation. This is common...
If you decide to disinherit someone, it means you are removing them from your estate plan. In some cases, this person may be a direct relative, such as an adult child who would ordinarily inherit assets unless your estate plan specifically says that they should not....
It’s not unusual after someone dies for loved ones to end up fighting over things that the deceased person never thought about, rather than the home, investment and retirement accounts and other high-value assets. That’s largely because people are more likely to...
When disputes erupt between you and your partner, the stakes are always high. These can become more complex if your partner is a close family member. Litigation is an option, but it leaves your family name and business legacy exposed to public scrutiny. Fortunately,...
A will is a key document in an estate plan. A will allows a testator to decide how their estate is managed after they pass away. If a person passes away without writing a valid will, then they are said to have died intestate. Intestacy can create many problems for...
Business succession planning is very important when getting ready to pass a business down to the next generation. The succession plan can have a major impact on whether the company is successful or simply closes shortly after the founder leaves. With this in mind, if...
Without an estate plan, California courts will decide what happens to your children and your assets. This fact usually motivates people to act, yet you might still find yourself delaying the process without proper guidance on how to start. Thankfully, being properly...
Trusts can be used for a multitude of purposes. Some people use them to reduce the total value of their estate. Others use trusts to leave an inheritance to a beneficiary for a specific purpose, such as funding a college education. With a special needs trust, the goal...