Codicil

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Future Planning: What to know about Living Trusts in California

2020-07-06T23:33:41+00:00

As you get older, you begin thinking about how you will pass down your possessions to loved ones. Whether you're a private resident with children or a landlord with various properties within Sonoma County, a living trust could be your best option. Is a Living Trust in California right for you? A living trust is a good option if you own possessions and assets that you wish to pass on. Under living trusts, you (the trustee) would bestow an estate to the beneficiary. California's living trust can also bypass the state's complicated probate process. What are the advantages of a [...]

Future Planning: What to know about Living Trusts in California2020-07-06T23:33:41+00:00

Why You Need an Estate Plan if You Have a Special Needs Child or Grandchild

2020-07-06T23:47:12+00:00

The future of children and grandchildren are often at the forefront of our minds when planning our estates. However, if you have a special needs child or grandchild that you wish to care for after your death, setting up your estate to do so properly requires careful consideration and thought with the help of an expert.  Trust planning is essential for special needs loved ones A “supplemental needs” or “special needs” trust is the most common type of trust created by the parent or grandparent (or “Grantor”) for the child with special needs (the “lifetime beneficiary”). The trust will direct [...]

Why You Need an Estate Plan if You Have a Special Needs Child or Grandchild2020-07-06T23:47:12+00:00

How to Amend or Revoke Your Will

2020-06-29T22:09:53+00:00

How to Amend or Revoke Your Will As the circumstances in your life change, you may also want or need to amend your Will, especially if your family has gained members by way of children being born, changed family members such as by marriage or divorce, or bought or sold a considerable amount of property like houses, other real estate, and cars. Another reason to amend your Will is the death of a beneficiary or executor. When you want to change your Will, you can do so by either adding something called a codicil or by writing a completely new [...]

How to Amend or Revoke Your Will2020-06-29T22:09:53+00:00

How Do You Update Estate-Planning Documents?

2020-06-29T22:45:24+00:00

How Do You Update Estate-Planning Documents? As I’ve mentioned many times before in the past, it is important to make sure your estate-planning documents are kept up to date. That means you need to review them to determine what changes need to be made following major life events like marriage, divorce, birth, and death. You should also regularly review your estate plan every few years, even if you haven’t experienced any major life changes, because you may change your mind about what you want to do, spend assets that you initially planned to pass on to your loved ones, or—as [...]

How Do You Update Estate-Planning Documents?2020-06-29T22:45:24+00:00