You already wrote an advance directive for your doctors. It tells them the type of care that you want. More importantly, It tells them about the type of care that you don’t want. If there’s ever a time when you can’t make these decisions due to injury or illness, the...
Estate Planning
Don’t make these 2 common mistakes with your estate plan
Making your estate plans can be one of the most rewarding things you can do not only for yourself but for your family. The estate planning process typically involves totaling all your assets and setting instructions for how they should be divided. The first time you...
Is it wise to do estate planning later?
Estate planning is something that’s going to be needed by everyone eventually. Most people understand this, which is why the majority of people say that it’s important to have an estate plan. However, studies have also found that the majority of people do not have an...
Why you need a California Advance Health Care Directive
One of the most important documents to include in your estate plan in California is an Advance Health Care Directive. Actually, it’s wise for any adult to have in place, even if they’re not yet ready to develop a full estate plan. An Advance Health Care Directive...
POD accounts skip probate
Are you interested in ways that you can skip the probate process? Maybe you've been thinking about estate planning, and you just want things to happen as efficiently as possible. You also want to avoid any costs that could come along with probate. You're trying to...
How can you disinherit a child while estate planning?
There are many reasons a parent may decide to disinherit one of their children. They may have had a falling out with that child and no longer have a relationship. Their child may have serious issues, like substance abuse problems, that would make an inheritance...
One estate administration mistake that can cost executors a lot
The executor who has been tasked with handling an estate has a lot of responsibilities. They have to locate all of someone's property, repay their creditors, file their final income tax return and distribute the remaining property to the beneficiaries of the estate....
Is leaving your business to your child the right decision?
The company that you purchased, built or inherited may be part of the legacy you have dreamed of leaving for your children. You may have chosen someone, perhaps your oldest child, as your ideal successor for the business. You might intend to leave the company to them...
Are prepaid funerals a good idea?
You’ve always been a responsible person, and you consider your estate plans to be the last, loving act that you can do for your family. Should you, then, invest in a prepaid funeral and burial (or cremation) plan? It seems like that would take some burdens off your...
3 telltale signs that your will might be contested
Thinking about your death is never an easy thing for most people. The very thought that you will one day pass on is usually a challenge for even the strongest among us. However, if you have assets and wish to pass those on in a particular fashion, then it is important...