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Probate is a legal process your estate undergoes after you pass on. During this procedure, a court will validate your will and authorize your executor to distribute your estate to the right heirs and pay any debt or taxes your estate might owe. That being said, the...
When you hire a new employee, you invest time, money, and training into them. You teach them the ins and outs of the business, and they adopt the company culture, process, and some intimate knowledge. You hope they never leave, but you’ll want to be protected if they...
Many people make a trust to ensure responsible parties handle their assets. Per California law, a trust is valid if the settlor establishes it and if said trust involves property and a beneficiary. Though you can establish a trust alone, you could consider sharing it...
Your estate plan tells your loved ones what you want to happen with your assets when you pass away. It also sets up the plan for what happens if you become incapacitated. Many adults don’t realize that creating an estate plan isn’t a one-time deal. If you’re one of...
When you and your partner first incorporated your business, everything was going great for you both. Two happy marriages -- and success seemed imminent. Ten years down the road, your business is still booming. But your partner’s marriage has become both explosive and...
Thinking about what will happen to your hard-earned assets and other intimate belongings like family heirlooms can be very unsettling. However, death is inevitable. If you have a valid will at the time of your demise, all assets in your will shall go through probate....
When you create a trust as part of your estate plan, you get to decide how much discretion the trustee is actually going to get. In some cases, they get almost none at all. For instance, you may set up an educational trust fund with instructions that the money is only...
Your company started off small but has expanded significantly over the years. As the business has spread its wings, you’ve started to enlist the help of other companies, such as suppliers, so that you are always able to meet demands. Usually, this process runs...
Creating an estate plan is a responsible step to take to help protect your loved ones when you pass away. Many people don’t realize that estate planning is about more than just planning for death. You can also use your estate plan to provide instructions and...
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...