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Estate Planning Archives

Financial inventory list essential for estate planning

Losing a loved one can be an extremely challenging and emotional time for anyone. This is why one should make sure to take care of estate planning as soon as possible in California. On top of emotional struggles, one's family and loved ones will also have to deal with the administration of one's estate during this difficult period. Therefore, making sure the proper documents are in place is essential for alleviating the burden for loved ones as much as possible.

Communicating with loved ones important in estate planning

Planning an estate is about more than just dealing with assets. Estate planning is also about managing and dealing with other people. Along with having the proper legal and financial instruments in place, ensuring a smooth administration of one's California estate will require communicating important details to loved ones.

Technology has made estate planning complicated in California

Technology and the Internet have made many things in life easier, more convenient and efficient. However, they have also made estate planning more difficult in a number of ways. More and more California residents have found that they must consider the disposition of digital assets when engaging in the estate planning process.

Estate planning can ease the path for loved ones

There is always a certain amount of uncertainty when it comes to the future. No one can plan for every possible situation. However, one can do something to make sure that loved ones are taken care of in the case of something unexpected happening. Therefore, it is important for California residents to not procrastinate when it comes to estate planning.

Reasons people avoid estate planning in California

Planning an estate is something that one should not procrastinate in completing. However, there are several common reasons why people tend to avoid estate planning in California. Some of these reasons are psychological while others are based upon a lack of knowledge concerning the appropriate steps.

California residents need to feature specifics in their wills

Many Americans, including here in California, do not have a will or a trust. This is typically because they simply have not found the time to make one. Wills and trusts are a crucial part of estate planning. Without one in place before you die, surviving family members may have to confront some thorny problems in order to arrange for the lawful distribution of your estate.

Facebook makes digital estate planning easier in California

There are many different things which must be considered when dealing with planning an estate. Due to the many things that must be included, many people in California often forget to consider digital assets when estate planning. Facebook has recently attempted to help address this problem by making key changes to the social media site's account policies.

Wills do more than help families avoid probate

Research suggests that many Americans have taken the steps necessary to ensure that their estate planning needs are adequately met. In fact, one study asserts that as many as 71percent of individuals have not addressed the creation of wills or trusts. Many in California and elsewhere hold false assumptions concerning how their assets would be handled upon their death, and the result of such misbeliefs could be a long and difficult probate process for those who are left behind.

President proposes changes to estate planning laws

The President of the United States recently revealed a new tax legislative proposal which could have significant implications for those concerned with planning their estates. The plan would revamp the Tax Code in a way that could increase tax liabilities for some beneficiaries in California and other states. This has caused many people to reexamine their estate planning strategies.

How a living will can protect loved ones

California natives may not know that filing a living will can protect their medical rights in the event that they require artificial life support to live. A living will, or advance directive, outlines an individual's life support wishes, such as whether they want to be resuscitated or whether they would like life support to continue to keep them alive. It also prevents family members from being forced to make these important decisions on the individual's behalf. Often, it can be extremely uncomfortable for a loved one to guess what an individual would want in a medical situation. A family member may have to decide whether to prolong that person's life or not to let them go.

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