Your estate plan is a vital piece of your end-of-life planning. But you should have your estate plan in place long, long before you actually need it. Not only that, but you should update it regularly so you can ensure it reflects your life in its most current state. ...
If you want to create a trust for your family, there will be important duties your trustee should carry out. In general, a trustee must honor the wishes of the person who created the trust and carry out duties owed to beneficiaries. Depending on the trust you create,...
Choosing an executor for your will is not easy. As you try to find someone, there are a few qualities that you need to consider. Here are three things to consider, according to RBC Wealth Management, when choosing an executor. Think about objectivity Your executor...
Serving as the executor or personal representative of a loved one's estate in California can be a daunting task (especially if you are not familiar with the state's probate code and/or administrative guidelines). Often people ask a legal professional to fill that...
While tending to your estate, you learn about probate. From what you understand, you want your assets to avoid probate so your loved ones receive their inheritance as quickly as possible. See what AARP says about making assets easily distributable. Ensure you do...
In California, a personal representative is either an executor named in a will or an administrator assigned by the court if there was no will or there was an invalid will. A person is not an official personal representative until approved and appointed by probate...
No matter how much you enjoy running your business now, you never know when a time may come where that may change. Whether through a shift in interest or a turn in health, you may one day find yourself needing to pass on your business. Thus, you should have an idea of...
Reviewing your estate plan may feel like an enormous task. This is especially true if your plan has a lot of components to it. Fortunately, you do not need to review each part every time you look over the plan. Instead, you want to focus on a few areas. These areas...
As you get deeper and deeper into the estate planning process, you will inevitably begin to recognize opportunities to avoid (or mitigate) expenses against your estate. Taking action to settle liabilities before your death, covering your funeral costs and avoiding...
No one enjoys talking about their end of life plans. Unfortunately, it is one of those things everyone dreads but needs to do anyway. After all, discussing your estate plan with your loved ones is vital to ensuring they understand your needs, wants and logic. But how...
