An accord and satisfaction occurs when the parties involved in a dispute reach a new agreement to resolve the dispute. This agreement may involve a compromise, such as a payment of less than the full amount owed or a release of certain claims. Once the new...
estate planning
How are Survivorship Life Insurance Policies Helpful for Estate Planning?
Survivorship life insurance is a type of policy that provides coverage for two individuals and pays out a death benefit only after both have passed away. This type of insurance has been popular among affluent couples looking to reduce the tax burden on their...
What is The Difference Between Estate Planning & a Will?
When you are diving into the estate planning process, you may be confronted with a lot of unfamiliar terminology. This can make estate planning feel like a headache, rather than a helpful tool to allow you to properly plan for your future. One of the most important...
What is a Probate Sale?
California regulates certain aspects of a probate sale when it comes to the sale of real estate property. This includes how the property is sold, what it is priced at, and even how quickly it must be sold. The terms of these transactions are heavily regulated in the...
Types of Trusts for Estate Planning
updated 7/20/23 Estate planning is a critical aspect of financial management that ensures the smooth and efficient distribution of assets and wealth after an individual's passing. It involves making arrangements and decisions regarding the management, protection, and...
Estate Planning for Those More Comfortable Communicating in Spanish
While planning for your financial and legal future is essential, it can often be overwhelming. To make matters worse, language barriers can further cause disastrous issues that may even impact how your final wishes are conveyed. However, having a Spanish-speaking...
Considerations for Estate Planning for Solo Aging Adults
According to the 2020 U.S. Census, around 36 million people are living alone. Among the adults that are aged 60 or above, around 27% are living alone. While this may come as a surprise to some, there are many benefits to living alone and many have chosen this...
Do’s & Don’ts of Estate Planning
Estate planning is an essential part of life, but many individuals are intimidated by the process. While the estate planning process can be tedious and complex, it does not have to be challenging. Taking action to make sure your affairs are in order before your...
Last Will & Testament vs Living Will: What’s The Difference?
While essential to ensure your last wishes are properly honored, estate planning is often overlooked. Many individuals shy away from the idea of estate planning because the process can be quite complicated. Even though last wills and living wills sometimes get...
Signs It Is Time to Update Your Estate Plan
Estate planning is an important aspect of financial planning for the future. Life changes, and sometimes quickly, so it is vital not to neglect revisiting or revising your estate plan. While it is recommended to update your estate plan every few years, some major life...