When you open up a financial account, you answer specific questions. One of these has to do with what you want to happen to the account if you pass away. The bank sets up a payable on death designation based on your wishes. This is formally known as a Totten trust. ...
A mistake a company may make is entering a lawsuit over a valid contract. A company may want to sue for various reasons: invoice disputes, project below acceptable standards, etc. However, a company not meeting expectations isn’t a legal dispute, it is business. There...
Having a well-developed estate plan can give you a sense of peace that you never expected. Many in Bakersfield, California, have expressed surprise over how good it feels to complete this critical stage in preparing for the end of one’s life. At first, estate planning...
Estate planning allows someone to create a will, trust and other end-of-life plans. It also keeps the person’s estate from going through probate after their death. That’s not the only purpose of an estate plan, however. Here are three ways having your estate plan...
Your estate plan outlines what you want to happen to your assets when you pass away. It’s imperative that you have this in place since you never know what the future holds. Working with someone familiar with estate planning can help you be prepared. While you’re...
Family relationships can be complex and not every family gets along. While you love your heirs, you’re pretty sure that they’re going to end up in a battle over your estate after you’re gone. Is there anything you can do to stop that from happening? Absolutely. While...
One of the reasons individuals draft wills is to clarify what they'd like to happen with their possessions when they're gone. Anyone who dies without a will in place runs the risk of having a probate judge divide their assets per California's intestate succession...
