Making your partner a joint owner iseasy. Simply give them immediate access to and control over an account or property. Keep the account or property owned jointly, with the right of survivorship.
Category Archives: Estate Planning
California Law, Estate Attorney, Estate Planning, Heirs, Inheritance, Trusts
Inheritance: Don’t Give it to Creditors
26
Mar
Mar
An SRT is a special type of trust. It designates the intended beneficiary of your retirement accounts after you die.
19
Mar
Mar
No matter the month, wedding planning usually includes tuxedos, dresses, rehearsal dinners, guest lists, and the honeymoon. However, too many couples fail to consider an important element that should make every “to do” list – a couples estate plan.
Assets, Estate Planning, Heirs, Life Changes, Trusts, Uncategorized
Inventory: Treasure Map Your Estate
26
Feb
Feb
Distressed children often call estate planning attorneys. Their deceased parents wrote a will or a trust without itemizing an inventory. So the kids have no idea which accounts, insurance policies, or items of real and personal property their parent owned.
19
Feb
Feb
While many assume that a will or trust signed in an attorney’s office is valid, such is not always the case. Attorneys who do not specialize in estate planning may be unfamiliar with the formalities required to make a will or trust legally valid in their state.
12
Feb
Feb
Imagine spending thousands of dollars on an estate plan to protect loved ones, to find that no true protection exists. Unfortunately, this occurs on a regular basis. In fact, millions fall prey to estate planning scams each year. According to a report conducted by the U.S. Consumer Financial Protection Bureau of people ages 50 and over, victims […]
California Law, Estate Planning, Inheritance, Life Changes, Trusts, Wills
Incapacity-Proof Your Estate Plan
05
Feb
Feb
Most people agree that a long life is good. However, life alone does not guarantee ideal circumstances. For example, longevity, coupled with physical or mental incapacity, can prove challenging.
29
Jan
Jan
Keep a majority of the details private until your death, Start the conversation with successor trustees.
California Law, Dementia, Estate Planning, Trusts, Uncategorized
The Importance of a Successor Trustee
23
Jan
Jan
Healthcare documents (such as a Medical POA, Advanced Directive or Living Will, and Health Insurance Portability and Accountability Act (HIPAA) authorization form) primarily focus on medical matters. However, they may also impact the financial matters handled by the successor trustee.
16
Jan
Jan
Unlike other estate planning options, an RLT grants the ability to maintain control and enjoy accounts and property during someone’s lifetime. What’s more, it maintains privacy relative to how to manage accounts and property.