Estate Plan After a Divorce
Going through a divorce can be emotionally and financially challenging. Amidst the turmoil, it is crucial to address the often-neglected aspect of estate planning. Proper estate planning after a divorce is essential to protect your assets, ensure your wishes are honored, and secure a stable…
What is the Difference Between an Irrevocable and Revocable Trust?
When planning your estate, it's essential to understand the differences between an irrevocable and revocable trust. Both types of trusts can provide significant benefits, but they also come with distinct advantages and disadvantages. In this blog, we will explore five essential factors to consider when choosing between…
The Importance of Estate Planning for Business Owners
As a business owner, you have put countless hours, effort, and money into building your business. However, have you considered what would happen to your business if you were suddenly unable to manage it due to incapacity or death? This is where estate planning comes…
What Is an Advanced Healthcare Directive?
An advanced healthcare directive (AHCD) is a legal document that outlines your wishes concerning your medical care if you are unconscious or incapacitated because of an illness or accident. If you have drafted an advanced healthcare directive, your family members and medical staff are legally…
When To Update Your Estate Plan
Update your estate plan every 3 to 5 years or whenever you experience a life event. Although most people create their first estate plan when they get married or have a child, you should create your first estate plan when you turn 18. Every adult…
Will or Trust: Which Do I Need in California?
Estate planning allows you to decide, among other things, what will happen to your assets once you pass away. Most people are familiar with the “last will and testament,” a document that gives you a chance to specify who will get what. A living trust…
Getting Divorced? Make Sure You Update Your Estate Plan.
Whether you are recently divorced or still in the midst of the process, don’t forget that your estate plan should change with this important life event. No one will blame you for wanting to avoid involvement with more lawyers right now, but consider what it would mean…
Does a Trust Influence Who Inherits Community Property?
Community Property in California California is a community property state. This means everything you earn or acquire during your marriage belongs to each spouse equally. Attempts to put more assets than are rightfully yours into a trust will not override the community property law. You and your…
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