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August 2018 Archives

Recognizing dementia and the end of testamentary capacity

When your loved one creates a will, or even if you create one, one thing that can't happen is for changes to take place after you lose testamentary capacity. If you've never heard of this before, it simply means that you can't make changes to your will or other estate documents if you're not mentally sound.

Why estate planning is crucial if you're in the cannabis business

Marijuana has been legal here in California for medicinal purposes since 2004. At the beginning of this year, its recreational sale and use was legalized. Therefore, many Californians engaged in cannabusiness, who are sometimes known as "ganjapreneurs," have accumulated considerable assets.

Tips to help with your duties as executor of an estate

Dealing with the death of a loved one can be an emotional and difficult time. For some people, the stress can be compounded by acting as the executor of the decedent's estate. However, if you are an executor, there are things you can do to avoid becoming overwhelmed by the task before you. When it comes to managing an estate, organization is key.

Why 'micro estate planning' is valuable for parents of young kids

As we frequently discuss here, a thorough estate plan can help you provide for your loved ones after you're gone and also help them avoid costly probate fees and unnecessary taxes. If you have minor children, you can designate one or more guardians in your estate plan to care for them if you and your co-parent both died or became incapacitated.

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