Common Myths About Estate Planning Debunked: Insights for California Residents
There are several myths about estate planning in California; let’s take them one by one!
Planning for the Inevitable: How to Safely Store Passwords in Case of Death
Secure Password Storage for Death: A Guide
What is the probate process in California?
The probate process in California is lengthy and costly. Here are the steps involved — and how to avoid it!
When should you create an estate plan in California?
When should you create an estate plan? When you’re 18, when you have a kid, when you accumulate assets, when you retire… anytime!
Understanding Healthcare Powers of Attorney in California: A Guide to Making Informed Decisions
Healthcare Powers of Attorney, also called Advanced Healthcare Directives can be incredibly confusing. This guide will help explain the purpose and details.
How do I choose a guardian for my children?
Selecting a guardian for your minor children is incredibly difficult. This guide provides some helpful tips to consider!
What does business succession planning look like in California?
Business succession planning is an important component of estate planning.
What can I name my trust?
In theory you can name your trust whatever you want; in practicality, your last name is usually the best course.
Can I do an estate plan to care for my pets?
There are several ways to create an estate plan to make sure your pets are cared for when you die.
Why do I want to avoid probate in California?
Probate court handles matters involving incapacity and death. It’s expensive, takes a long time, and it’s public.
What does it mean to disinherit someone?
Disinheriting means excluding a family member from receiving anything from your estate. And it’s important you do it correctly.
How much does probate cost in California?
The cost of probate in California is based on the gross assets of the person who died.
How often should I update my estate plan?
In general, you should review your estate plan every 3-5 years to make sure it’s still working for you!
What are the taxes my kids/beneficiaries will have to pay when I die?
In general, the recipient of your assets doesn’t have to pay taxes, but let’s explain how taxes and estate planning work together.
What happens if I forget to put an asset in the trust?
Putting assets into the trust is a critical step to making sure your loved ones avoid probate court.
What does THIS mean? Definitions in Estate Planning
Terminology used in estate planning can be confusing. Here’s a summary of important terms to know.
Who needs an estate plan?
Everyone over 18 years old needs some form of an estate plan in California.
Why does probate in California take so long?
Probate court takes 18-24 months usually because of the steps that need to be taken and the court hearing schedule.
What is the first thing I need to do when a loved one dies?
The first, and most important thing you need to do when someone dies is grieve.