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. ...
Estate planning
Guidance for all your California estate planning needs
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...
3 reasons you need an estate plan
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...
3 estate planning mistakes you must avoid
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...