A trust is an important financial tool that allows money to be given to someone indirectly through a third party. Specifically, a trust allows a grantor to appoint a trustee to manage an asset (money or property, for example) for a beneficiary. For example, a wealthy man who owns a lot of stock sets up […]
Read MoreHow Can a Trust Be Used to Distribute Assets to Beneficiaries?
If you want to make sure your property is managed well, consider setting up a trust. Under the law, a trust is a way for a person (known as a “grantor” or a “settlor”) who owns property or assets to legally turn them over to a person or group of people (known as “beneficiaries”) by […]
Read MoreDigital Assets and Probate: Navigating the Evolving Landscape
Digital assets continue to evolve and expand. Individuals can accumulate significant digital assets, which could have substantial value. Unfortunately, digital assets can pose unique challenges for estate planning. Without a comprehensive estate plan, your digital assets could be lost or mismanaged. In this blog, our California estate planning attorney discusses tips for ensuring your digital […]
Read MoreWhy the Holidays Are a Good Time to Bring up Estate Planning to Your Family
Estate planning is not a topic most families discuss during the holidays. However, the holidays are an excellent time to bring up estate planning with your family for several reasons. During the holidays, you have a better chance of gathering all family members in the same location to have an in-person conversation. Additionally, the holidays […]
Read MoreThree Things You Need to Know About Cryptocurrency and Your Estate Plan
Cryptocurrency is somewhat trendy, leading some to consider including cryptocurrency in their estate planning. You need to understand the tax consequences, legal issues, and how you hold your cryptocurrency if you plan to include it in your estate plan. By the time you read this article, some of the laws concerning cryptocurrency will likely have […]
Read MoreHow Do I Leave Assets to Minors in California?
When preparing an estate plan, special care is needed where a person wishes to leave assets to a minor. This is because asset or property transfers to a minor are often governed by the California Uniform Transfers to Minors Act (UTMA). Our California estate planning attorney can answer any questions you may have about how […]
Read MoreUnderstanding Charitable Remainder Trusts
Many people have a goal of leaving some of their money to charitable or philanthropic organizations through their will or trust. Charitable remainder trusts make it possible for a person to give to the charitable organizations they choose during their lifetime while still having access to needed assets. If set up properly, a charitable remainder […]
Read MoreTwo Types of Trusts: Which Provides Better Protection Against Creditors?
If you are considering putting your assets in a trust, you may wonder which type of trust can best safeguard your assets against creditors. While there are many types of trusts, the two most common trust forms are “revocable” and “irrevocable” trusts. Our California trust attorney can help you determine which type of trust best suits your […]
Read MoreThree EASY Asset Protection Tips You Can Use RIGHT NOW
You may have heard about asset protection planning and assume it only applies to very wealthy individuals or people in high-risk professions. In reality, asset protection is not only about protecting your assets from creditors. It can also protect you and your loved ones from unforeseen events. Our experienced California estate planning attorney can evaluate if […]
Read MoreWhat’s the Problem With DIY Wills?
Many people wonder why they shouldn’t prepare their own will. After all, websites abound with “free” legal advice, and it’s easy to get forms and templates off the internet. While it may seem simple and less expensive to DIY your will, drafting mistakes or document execution issues can have serious consequences. Consequences may include a […]
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