Disinheriting a loved one can be a tough choice. It should be considered an extreme step to be used in rare occasions. Unfortunately, it is necessary at times.
Trusts are a legal arrangement where property is held for the benefit of others. Irrevocable trusts are a permanent trust that has some benefits over revocable living trusts.
Loss of a loved one can be devastating. Preparing a funeral can be difficult on top of the loss can be difficult and stressful. But with a little planning, you can prevent this.
Roughly 1 in 3 adults will develop some level of dementia during their lifetime. Nearly 1 in 9 adults 65 and older will develop Alzheimer’s disease. Along with other health issues and accidents, it simply makes sense to proactively designate someone as your agent in the event of incapacity.
Trusts are a very common, flexible, and powerful part of any estate plan. They come in a variety of forms and serve different purposes. Here are some common types of trusts.
Preparing for future events is critical for any business owner. That’s why it is essential that business owners and entrepreneurs create contingency plans in the case of incapacity or death.
Many people believe that simply transferring their home to their loved ones is an easy way to avoid estate planning. However, there are several hidden dangers that you need to consider before making the transfer.
Some California residents own homes in other states. It could be just over the border in Arizona or Nevada. Or it could be in a much more distant location. When owning homes in two states, it is important to take estate planning into consideration.
Many people think that estate planning is only for people with large estates. In trust, planning can provide protection for everyone regardless of their estate.