There are many reasons to set up an estate plan. It can help you reduce the tax burden of the estate, it can give you more say in how your money is used and it can help you leave specific assets to specific people -- just to name a few benefits.
When you do your estate planning, one topic that you might want to explore further with your estate planning attorney is funding an incentive trust. There are pros and cons associated with this decision, so it's wise to mull over all of your options.
If you have an elderly relative who is a California resident, you may worry that their handwritten will might not hold up in court. The good news is that our state recognizes the validity of holographic -- handwritten -- wills.
Here's a holiday gift you probably never thought of giving: an estate plan.
No, your children weren't thrilled when you divorced their mother. They were even less thrilled a year later when you married her.
When designer Kate Spade and chef Anthony Bourdain passed away earlier this year, they each died living apart from their respective spouses. The fact that they were separated had a significant impact on the administration of their estates.
When you write your estate plan, you do it with the best of intentions to make everything easier for your family. Sometimes, it just doesn't work out that way. Instead of helping to guide your loved ones in a sad time, your estate plan could cause family discord if not handled properly.
Ask a new acquaintance if they have any children, and it isn't unusual to hear answers such as these.
There's nothing more important in our lives than our children.
You have two grown sons who live near your California home.