Maybe you and your partner are living the Goldie Hawn and Kurt Russell or Oprah Winfrey and Stedman Graham life: You're longtime loves who simply decided never to marry.
We so often hear of celebrities who haven't created an estate plan and how their family members wind up in court, fighting over the assets, when they die.
Longtime soap opera actor Kristoff St. John passed away last month, reportedly without a will, and now his oldest daughter has asked a California court to allow her to take over his affairs.
Do not assume that the estate plan you made five years ago -- or even the one you just made today -- is going to stand the test of time. Life changes. Things happen. The future is not always what you expected it to be. When facing significant changes, you absolutely want to update your estate plan so that it accurately reflects what your life looks like now.
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.