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April 2017 Archives

The components of an estate plan

According to a 2016 survey, almost two-thirds of Americans do not have a will. Such a document, which designates how a person's assets should be distributed, is an important part of an estate plan, but many California residents may not have created one because they do not like to think about the subject. However, a well-organized estate plan can be a help to families after a person's death.

Who to trust with estate planning roles

While succession planning is partially about leaving an estate behind, it also involves appointing people who can make decisions when one is incapacitated. California residents who have not started preparing may want to begin considering estate planning tools such as powers of attorney, wills and trusts.

Creating a revocable living trust

When California residents want to protect their financial future and that of their children or loved ones, they may decide that it is time to draw up a trust. However, there are certain decisions regarding trusts that they will have to make. These decisions will be different based on their individual needs and circumstances.

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