It's never easy to watch your parents get old, but it's something you're likely to face in the future. Since you want to do your best to help, it's important to work closely with your parents to ensure that they have the right long-term care strategy in place. Not...
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Month: June 2019
When people won’t leave a home that’s part of a California estate
Real estate holdings are often the most coveted assets involved in an estate. When a loved one dies, they may choose to leave the family home to one person or more specific persons. They may also direct the executor of their estate to sell the home and split the...
How much info should you give your family about your estate plan?
When you're creating your estate plan, you'll need to determine what details you want to share with family members and what to keep to yourself. Of course, there are some things you'll need to discuss with at least one or more family members. For example, you need to...
What you should know when disinheriting relatives
Millions of lesbian, gay, bisexual and transgender (LGBT) people worldwide are celebrating Pride Month along with their supportive friends and family. Too many, however, have become estranged from some family members -- and sometimes from their entire family --...
What should you include in your revocable living trust?
Many Californians make a revocable living trust the centerpiece of their estate plan. It allows them to maintain control over their assets while they're alive and well. Then the assets are transferred to their designated heirs and beneficiaries upon their death. A...
Choosing the wrong trustee can be a costly mistake
Among the most important decisions you'll make as you create your estate plan is naming the trustees and successor trustees of your trusts. A dishonest trustee can take all of your hard-earned assets and keep them from the loved ones and beneficiaries you intended to...
Do you understand what happens during probate?
It doesn't matter if you're creating an estate plan in California or facing the probate process after the death of a loved one, it's critical to understand the finer details to ensure yourself of making all the right decisions. There are times when the probate process...