Understanding the Revocable Living Trust
The word trust is a wonderful word in the English language because it gives a name to the foundation of human relationships. We know about the trust between two people, that is hard to establish and too easy to break. We may also know the word trust from the term trust fund babies, which conjures images of young people with extravagant lifestyles, whose parents have given them a lot of m...
Wills vs. Trusts in California: How Are They Different?
Wills are perhaps the best known estate planning vehicle and have been the most common way to pass property to heirs for hundreds of years. However, in modern day California, where home values are very high, nearly all estates governed by a will must go through an expensive and time-consuming Probate Court process. The revocable living trust is a will alternative that is an advantageous ...
Estate Planning for Life, Not Just Retirement
If you are a young professional or a parent with small children, you may think estate planning is something you’ll get to later, maybe twenty or thirty years down the road. But in reality, there are lots of good reasons for twenty, thirty and forty-year olds to start their estate planning now. Does your job give you retirement benefits? Many jobs today offer contributions to a retirement...
An Estate Planning Checklist: The 5 Essentials for Your Estate Plan
Estate planning has become an important part of responsible financial planning and a crucial step to managing your wealth. But what exactly does estate planning entail? What documents are necessary and what’s the best way to get them? Below a quick education about the 5 Estate Planning Essentials and the wisest path to getting them done. What estate planning documents do I need? The only...
Making Sure the State of California Doesn’t Mistakenly Get Your Family’s Inheritance
As of February 2019, The State of California has $9.3 Billion of unclaimed property. This property is made up of bank accounts, safe deposit box contents, insurance policy proceeds and investment accounts that have been left inactive for a certain amount of time defined by law, usually about three years. A significant amount of these unclaimed assets result from people not knowing the fu...
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