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December 2013 Archives

The Financial Impact of Remarriage in California

Clearly the decision to get remarried is more than a financial one, but there are some factors that should be taken into consideration, especially if you are older. The decision to remain single or get remarried can impact your ability to leave assets to your heirs.

How to Prepare a California Estate Plan

Getting an accurate picture of your financial situation is the first step in preparing to write a Last Will and Testament or California Estate Plan. Before you visit a California estate planning attorney, make sure you have your financial papers in order and have thought about some basic questions.

Choose A Revocable Living Trust To Leave Assets To Minor Children

if you are the parent of minor children, you are undoubtedly concerned that your children will be well taken care of should something happen to you. You may have already planned for this by naming a guardian for your children in your will, thinking that the person you have designated will also have access to your assets to take care of your children.

Four Major Steps To Closing An Estate

The job of an estate executor is to identify estate assets, pay off debt and then distribute what is left in the estate to heirs and beneficiaries. In addition, an executor must file certain tax returns and pay any taxes due on the estate. Handled improperly, the IRS may pursue the executor for any penalties and interest on taxes not paid.