Safeguard Your
Assets
When estate planning, you have the option to make a trust. A trust is a useful method of preserving wealth for the next generation that people often overlook, but can be an essential tool in your estate plans. Why would a trust help you? First, you should learn the...
A special needs trust in California, also referred to as a supplemental needs trust, is a legal arrangement designed to benefit individuals with disabilities. This is an irrevocable trust that has very specific requirements. Because the beneficiary doesn’t have direct...
Over the past several years, a new area of law has begun to affect the broader population in increasingly significant ways. Watching an aspect of U.S. law evolve so rapidly can be intriguing – and even a little exciting – for those who are interested in the ways in...
When you create a will, you likely do so with a primary goal in mind: to make clear your wishes regarding how you want your assets to be distributed when you die. Without a will, the government will intervene and make this important decision on your behalf, which is a...
If you own or operate a limited liability company (LLC), protecting what you have worked hard to build should be your top priority. And one of the most effective vehicles for protecting and transferring assets is a trust. A properly planned trust can help keep your...
If you run a family business, you may have planned to hand down your business to your children, nieces and nephews, or other “younger generation” loved ones for years. Yet, if you haven’t taken certain steps to prepare for this eventuality, the integrity of the...
A large part of estate planning involves what happens when you die. Thus, you need to choose someone to take charge when this happens. The official term for them is the executor of your estate. It’s a critical role, as doing the job poorly could result in errors that...
There are many different types of trusts that you can use in your estate planning, and one of these is known as an incentive trust. As the name implies, this is a trust that you set up to give incentives to your heirs to do (or not do) certain things. These are...
Owning a business can be an exciting way to support yourself and your family. While there are parts of running a business that can be challenging and stressful, your company gives you the ability to be your own boss as you provide for the future of your family. Part...
Getting an estate plan is the first step. Keeping it up to date, the second and often forgotten step. There are certain life events that trigger a need to review an estate plan and make sure it still meets your needs. Three examples include the following. #1: Change...