As you navigate the estate planning process, the term ethical will may come up. An ethical will is different from a traditional will. A traditional will is a tool that is used to pass on your property and assets. An ethical will is optional and is a document you can...
estate planning
What Not to Include in Your Will
Drafting a will is often an essential part of a person's estate planning. However, there are a few things that should not be included in your will; rather, they should be addressed in another aspect of your estate plan.Contact the California estate planning attorneys...
What Happens If You Create an Ineffective Estate Plan–Or Do Not Have One at All
Estate planning is essential for your future and the future of those to whom you wish to leave your assets. Having a well-thought-out estate plan can make a huge difference in how your assets are handled upon your death. If your estate plan is ineffective, or...
What is the SECURE Act–and How Might It Affect the Distribution of Your IRA?
On January 1, 2020, a new law went into effect that every person saving for retirement should be aware of. This law was introduced as the SECURE Act--which stands for Setting Every Community Up for Retirement. The SECURE Act implements some of the biggest changes to...
Estate Planning: Are Your Essentials Up to Date in the Case of a Natural Catastrophe?
While it is always a good idea to plan ahead for your future and have your estate plans set in place, it is also important to update your estate plans from time to time. Now more than ever, as the nation deals with the consequences of the novel...
Estate Planning–Being Prepared for a Pandemic
With the recent onset of the world-wide pandemic of the novel coronavirus (COVID-19), you may be wondering if all of your affairs are in order. While no one wants to think about the worst-case scenario, it is important to make sure that your estate plans and powers of...
What is a Pour-Over Will and Why You Might Need One?
A pour-over will is one of the estate planning options you may use as you plan for the future. If you use a pour-over will, it will allow for all of your property that has passed through the will to be transferred into your trust. This property is then distributed to...
Five Ways You Can Leave a Legacy with Your Estate Plan
One of the most common reasons that people move forward with estate planning is to leave a legacy. This can be accomplished in a few different ways. For some people, leaving a legacy means to leave all or most of their assets to their children and grandchildren, and...
Estate Planning Checklist for 2020
If you have not yet gotten started preparing estate plans, or if you have not updated your already-existing estate plans in recent years, now is the perfect time to do so. There are some basic things to consider as you begin (or update) your estate plans. Prior to...
Common Estate Planning Mistakes and How to Avoid Making Them
When you decide to get started with estate planning, it is essential that you familiarize yourself with the most common mistakes typically made in estate planning to make sure that you do not end up making the same ones. You will want to get things done right the...
