California estate owners who have a desire to pass along assets to subsequent generations may consider the benefits of creating trusts. It's an appealing option because of tax advantages and the ability to have more control over how assets are distributed. A dynasty...
Month: July 2019
Estate planning for the chronically ill
There are over 130 million people throughout the the United States who have a chronic illness. By the time 2020 arrives, there will be almost 157 million people in the country living with a chronic illness. People who have a chronic illness should make sure that their...
Common reasons for contesting a will
When a loved one passes away, emotions can be heightened, and topics relating to their estate can be sensitive. If you are surprised by the contents of your loved one's will, you may react in unexpected ways. It's common to feel anger, sadness and even betrayal. It is...
The pros and cons of a TOD designation
Individuals who live or own property in California may want to avoid going through probate. Certain assets can avoid the probate process by placing a transfer on death, or TOD, designation on them. Bank accounts, the deed to a house and other assets typically qualify...