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May 2018 Archives

Is your estate plan shaky or solid?

Researchers at the University of Pennsylvania determined that only about 30 percent of United States residents spell out their wishes for end-of-life-care. Perhaps even more startling, fewer than half of the respondents in a survey done by Caring.com had drafted any estate planning documents like living trusts or wills.

Trusts 101: Basic information you need to know

Estate planning is a mystifying process for some people, but it doesn't have to be. One of the aspects of this journey is to decide if you will use trusts, a will or a combination of both to pass out assets after your death. While it might seem like these are reserved for the wealthy, this isn't the case. No matter what level of assets you have, you should have an estate plan in place.

Special needs trusts protect eligibility for government benefits

Are you worried about leaving money to a child with special needs because that child depends on government benefits? You know that the gift or inheritance may completely eliminate that eligibility or reduce the amount the person can receive. You want to help cover the costs of care, not make it impossible for the person to get benefits he or she has come to depend on already.

Can I avoid probate in California?

Avoiding probate is a serious concern for most individuals with any significant estate, especially those who own real estate here in California. If you own a home in California, then you probably exceed the threshold of personal wealth that triggers probate, so it is wise to consider the means you may use to circumvent probate when you pass away, to ensure that your wishes and legacy remain properly protected.

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