Joint tenancy is seen by many as one of the easiest ways to pass on their assets to their loved ones without having to go through probate. While it is true that a joint tenancy arrangement can help you bypass the probate process, it is not an effective tool for estate planning – due to […]
One of the biggest misconceptions associated with estate planning is that it is only meant for aging adults. And this is borne out in the data that shows only one in five millennials in the US have an estate plan in place. Contrary to what many young people think, estate planning is not meant for […]
One of the most commonly asked questions about estate planning in California is whether it is possible to prevent someone from contesting the validity of a will or trust. The short answer is: yes, it is possible – to a certain extent. The No-Contest Clause in Estate Planning Under California law, you have the right […]
One of the key responsibilities of life is to ensure that your wealth and assets are securely passed on to your loved ones after you’re no longer there. A revocable trust – sometimes also referred to as a revocable living trust – is an estate planning tool using which you can make sure your assets […]
The importance of estate planning for single parents cannot be overstated at all. As unpleasant as it might be, you need to think about what would happen to your children, who would handle your finances, and who would make decisions on your behalf in the event of your incapacitation or death and plan for it […]
Going through a divorce can be an extremely painful and emotionally exhausting experience. Still, it is important to pull yourself together and do what is necessary, so that you can look forward to a better, brighter future. One of the important steps you need to take after getting a divorce is to revise and update […]
Have you ever thought about what would happen if you were to become incapacitated due to an injury or illness? Do you have someone who can make financial and healthcare decisions on your behalf in such a scenario? If you answered ‘no’ to these questions, you are not alone. Data shows that approximately 60% of […]
A living trust is an excellent estate planning tool which ensures your assets are managed, divided, and distributed as per your wishes after your death. It also allows your designated beneficiaries to inherit or receive a share of what is rightfully theirs without having to deal with the probate court. One of the biggest advantages […]
Having an advance healthcare directive in place is the best way to make sure you are treated exactly the way you want to be treated in the event of a critical, incapacitating injury or illness. While a lot of people know what an advance healthcare directive is, data shows that nearly 2/3rd of the adults […]
Have you ever thought about what would happen to your digital assets in the event of your death? If you haven’t, you are not alone. When it comes to estate planning, a vast majority of people tend to focus only on their tangible assets and investments. In fact, many people do not even realize that […]
