What We Can Learn From Actor Paul Walker’s Estate Plan
Forbes recently had an interesting article entitled Five Estate Planning Lessons from the Paul Walker Estate. It provides an interesting insight into the estate plan of the late actor that was valued at 25 million dollars. His untimely death at 40 years old also shows that estate planning can never be done too early. His first will […]
The Benefits of Hiring an Attorney to Draft Your Estate Plan
This article from Forbes Magazine, entitled What Could Happen If You Write Your Own Living Trust provides an interesting glimpse into the challenges faced by heirs or by someone still alive when attempting to draft their own estate plan. Hiring an attorney upfront to draft an estate plan can often be a more cost effective process than […]
Is Putting Your Property in a Revocable Living Trust Enough?
You have signed your revocable living trust and will and believe that you have completed your estate plan; however, there are important options for ownership of your real estate that you may have overlooked. A revocable living trust is a great method to pass on real estate to beneficiaries by avoiding probate. It allows you […]
Tips to Begin the Estate Planning Process
Before seeing an attorney an estate plan, it may be important to sit down and think about some major issues that will need to be discussed with your attorney when you begin to craft an estate plan. Generally, an estate plan will consist of a will, a revocable living trust, a durable power of attorney, […]
Estate Planning Tips if You Have Minor Children
Estate planning is different for every age group and for every person; however, there are certain categories of persons that could especially benefit from estate planning. People with young children often do not think about estate planning as they are busy raising children, starting professions, and beginning “adult lives;” however having children should be a […]
Advantages of a Revocable Living Trust
In California, one of the best methods for any real estate owner to avoid probate is to create a revocable living trust. A revocable living trust, if properly drafted and funded (more on that later), allows a person creating the trust to still maintain control and authority over property during his or her life. A […]
Estate Planning Through the Stages of Your Life
This article from bankrate.com provides an interesting glimpse into how estate planning changes through the different stages of your life. As I have discussed in previous blog entries, estate planning is not a one time event that you do and never think about again. Estate planning documents, such as your will, living trust, health care directive, and power of […]