Probate is the court-controlled process a will goes through before distributing the estate to the beneficiaries. It serves to validate the will and ensure that it is executed as per the deceased's wishes. It sounds pretty straightforward, but there are several reasons...
Trusts
Is your estate plan going to ruin an heir’s benefits?
When you create your estate plan, you know you have an heir with a lot of special needs, and so you plan to leave the bulk of your assets to them. You believe that this is the best way that you can help them even after you're gone. However, one unintended consequence...
California estate planning: Yes, there is a trust for that
One of the most powerful tools you can include in your estate planning arsenal is a well-drafted trust. With this document, you can enjoy flexibility when leaving assets to your heirs. You can also add more than one trust to your estate plan, allowing you to address...
Signs that a trustee is not fulfilling the duties
An effective, decisive and conscientious trustee is needed to oversee the assets within a trust. It is a role with great responsibilities in handing out assets to the trust’s beneficiaries. The trustee must have certain qualities that the grantor or trustor – the...
What mistakes do people make when creating a trust?
From an estate planning perspective, creating a trust may be the best decision you can make. As you begin to learn more about this option, it's important to focus on what you should and should not be doing. Here are some of the many mistakes that people continually...
What’s the best way to care for a pet after your death?
As you create an estate plan, you'll spend a lot of time thinking about what will happen to your loved ones after you are gone. For many people, this also means their pets. There are many ways to ensure that your pets are cared for after your death, with these three...
What does trust administration entail?
A growing number of people are creating trusts, as opposed to relying on simple wills. While there are many benefits of moving in this direction, you need to answer this question: What will happen with your trust once you pass on? This is when the trust administration...
What is an irrevocable trust?
When creating an estate plan, it's imperative to understand the finer details of each strategy. Although you may not use every tactic available to you, it's a good idea to consider each and every one. An irrevocable trust is something that is often overlooked. There...
Is a revocable living trust better than a will?
As you go through the process of creating an estate plan, it's imperative to consider each and every strategy that is available to you. This is the only way to ensure that you are 100 percent comfortable with your situation. Many people have come to find that a...
Have you considered every type of trust for your estate plan?
There are many benefits to establishing a trust. As you go through the process of creating an estate plan, it's imperative to learn more about each type of trust. This includes those that are often overlooked. There are many reasons to use a trust, including the...