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January 2016 Archives

David Bowie's death shines light on trust use in estate planning

After fans in California mourn the deaths of their favorite or most idolized celebrities, they often begin discussing the fate of those celebrities' estates. Unfortunately, most discussions concerning celebrity estate plans circle around the estates' deficiencies and, in some cases, squabbling families left in the throngs of probate. At first glance, it does not appear that David Bowie's recent death will incite any such distress among surviving family members. Most people believe that the singer and actor utilized at least one trust -- although likely more -- to ensure the smooth transition of his estate after his death.

We take the fear out of the probate process in California

Fear is an involuntary response for most people upon hearing the word "probate." Many misconceptions concerning the process continue to perpetuate throughout California, needlessly adding stress to the lives of people who are already grieving the losses of loved ones. In reality, the probate process can be a helpful and necessary aspect of the estate administration process.

For most people, estate planning can't wait

Thinking about, much less planning, for the inevitable end of life can be extremely uncomfortable for many people. Because of this, crucial aspects of estate planning are often put off or neglected. After all, the future can seem so very far away, so why worry unnecessarily now? In reality, estate planning is not something that should be delayed.

When considering estate planning, think of family

The focus of estate planning is often about what will happen to a person's assets after he or she has passed away. Although this is a reasonable focus for estate planning, some people in California still continue to shirk the process on the basis that they simply do not care what happens to their possessions after they are no longer alive. While this course of thinking might be somewhat understandable, it does not give adequate regard to grieving family members who will be left behind to handle the estate administration process with no input or guidance.

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