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By creating a will as part of your estate plan, you are putting down your last wishes regarding your assets and property distribution. However, all that careful planning and thought could be futile if someone successfully contests your will. In addition, a will...
There are a variety of creative types here in Southern California. This includes actors, inventors, painters, musicians and authors and everything in between. Many of these individuals possess intellectual property (IP) rights. People pass on assets, such as homes,...
Deciding who will receive your assets when you pass away is a big part of estate planning. While some of your bequeathments will, no doubt, be handled through your will, you may have to name a beneficiary to receive certain other assets -- like your life insurance...
Like every loving parent, you definitely want to pass on a little something to your children or the people you care about. You save to make life a little easier for the people you love. The last thing you want is to have a portion of your hard-earned money going to...
Almost everything about your family changes when you divorce, which means that your estate plan needs may also shift. Although probate judges may recognize the inaccuracy of a last will that primarily benefits an ex-spouse, that is not always the case. If you...
People who are working on their estate plan will usually focus on things like who is going to get specific assets in their will. This is only part of what needs to be addressed in a comprehensive estate plan, however. Setting up plans for what will happen if you...
People often think of estate planning as something that is carried out by grandparents and the elderly in general. In fact, one of the main reasons that most people do not have an estate plan is simply that they’re procrastinating until they’re older. Don’t fall into...
Job performance reviews are commonplace among professionals as they advance in their careers. Why should it be any different when it comes to trusts? When undergoing estate planning, many parents are uncomfortable with writing a “blank check” without any conditions or...
If you have not looked at your estate plan for several years, it may be time to do so. An out-of-date estate plan could lead to several problems, both while you are alive and after you die. You need to ensure your estate plan reflects your life and assets...