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California has stringent laws regarding the ownership, transfer, and possession of firearms. For firearm enthusiasts and responsible gun owners, establishing a firearms trust can provide several benefits, including streamlined transfers, privacy, and efficient...
When we pass away, we want to ensure that our belongings get transferred to the right people. However, when it comes to gun ownership in California, there are strict rules and regulations. Securing a gun trust could ensure that you follow applicable laws when...
While you may think that living trusts are only for the elderly or the wealthy, they are a powerful estate planning tool for many different people. While every aspect of estate planning comes with pros and cons, it is important to understand the possible disadvantages...
Estate planning documents are some of the most important documents that you will have within your lifetime. While you may feel like estate planning is only reserved for the elderly, estate planning can be beneficial at many different stages in a person’s life....
When someone passes away and leaves behind their assets in a trust, it is the responsibility of the trustee to follow the terms presented in that trust. However, there are many laws and restrictions that govern the trustee. This results in the fiduciary duty to...
When it comes to estate planning, a trust provides creators with unique advantages and can help ensure that the creator’s final wishes are carried out how they see fit. While the formation of a trust, as well as overseeing a trust, might sound straightforward, it is...
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...
If you are considering legal options to protect an individual in your life who cannot take care of themselves on their own or manage their finances, understanding the difference between a trust and conservatorship is crucial. An estate planning attorney can help you...
Trust or estate administration may involve many different special assets beyond just the distribution of real estate and financial accounts. These special assets, including rare coins, should be handled carefully throughout the trust or estate administration process....
Family trusts can be a handy estate planning tool. A family trust is one specific type of trust that families may use to preserve their financial legacy for many years down the road. This type of trust may be beneficial for you, even if you do not have a large estate....