A trust is a written legal agreement between the individual creating the trust and the person or institution named to manage the assets held in the trust (the “trustee.”) In many cases, it is appropriate for you to be the initial trustee of your living trust, until management assistance is anticipated or required. REVOCABLE LIVING
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An important part of lifetime planning is the power of attorney. A power of attorney is accepted in all states, but the rules and requirements differ from state to state. A power of attorney gives one or more persons the power to act on your behalf as your agent. The power may be limited to
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It is estimated that as many as 55% of Americans do not have a will. To protect your assets, establish a legacy for your family, and retain control of your health care decisions, a good estate plan is essential. Although it is tempting to write your own will and/or trust, doing so may expose you
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The “living trust” described in this post is a revocable living trust. It is sometimes referred to as a revocable inter vivos trust, or a grantor trust. A living trust may be amended or revoked by the person creating it (commonly known as a “trustor,” “grantor” or “settlor”), at any time during the trustor’s lifetime, as
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Who will take care of your pet when you can’t? Pet owners know that it’s possible to feel as much love for a dog or cat as for a family member. It may seem frivolous to some, but to pet owners who love their pets, making sure their beloved animals are taken care of after
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For clients who are parents of minor children, our priority is to design and plan to best meet the needs of such parents and provide added peace of mind. Our experience, both professionally and personally, has afforded us with an increased awareness of the issues facing parents today. As a result, we work with parents
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Probate If you die without a will in California, your estate will go through the probate system in the California courts. The term “probate” refers to the legal process by which a court oversees the distribution of your assets to the new owners. In California, the probate procedure is complicated, stressful, and public, and oftentimes
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Consider estate planning to be insurance for your family and loved ones. It is, quite simply, planning for the future. It doesn’t matter if you have earned assets, inherited assets, or hope to do one or both, you should be certain that your assets pass to your loved ones according to your wishes, with minimal
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