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April 2019 Archives

Why do many Californians have revocable living trusts?

Many people think that they have no need for a trust in their estate plan unless they have millions of dollars in assets to pass on to their heirs and other beneficiaries. In fact, you can set up a revocable living trust even if your assets total far less than that. There are many good reasons for doing so.

Duties assigned as part of an estate plan

People who create an estate plan will usually set an executor and powers of attorney designations. For the people who are named in these positions, understanding what they mean is important. There are specific duties that must be handled properly. Failing to do these correctly can be costly for the heirs since mistakes may come with increased expenses and time.

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