When people are thinking about who they wish to give their assets to, they often consider friends and family. But what many fail to consider as an option is charity. A charitable trust is a way that you can set up your assets so that it is not only beneficial to you and...
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Here’s What to Do with Your Loved One’s Prescription Medication After They Pass
When a loved one passes away, the number of things to worry about seems endless. But one thing that many people fail to consider is what to do with any prescription drugs (or other controlled substances) that your loved one had. Since there are specific laws for how you must dispose of these substances,...
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‘Age Gap’ Relationships and Estate Planning Considerations
As they say, age is but a number. Many people of varying ages end up meeting and falling in love every single day. And while the average age gap between married individuals is about 2-4 years, there are still many couples who were born much farther apart. After all, each relationship is unique and...
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Accidental Disinheritance
Creating a comprehensive estate plan is extremely important in order to ensure that your loved ones will receive that which you want them to. However, creating an estate plan often isn’t enough to guarantee this. You must also update your estate plan over time in order to make sure that the correct people...
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What is a Common Trust?
There’s no doubt that having kids can be financially taxing. However, it’s important to note that not all children cost you the same amount of money. When you have multiple children, you likely want to ensure that your kids feel as though they are treated fairly and equally. For that reason, you may be...
Can You Inherit Favorable Tax Treatment for Real Property?
One of the benefits of purchasing real property is the fact that it will likely appreciate in value over time. But can you imagine having to pay a substantial amount more in taxes just because your home value increases? Here’s the good news: you don’t have to. Under California’s Proposition 13, your appraised property...
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What to Do for Your Loved One’s Estate After they Pass Away
After experiencing the death of a loved one, you may feel extremely overwhelmed without any sense of what to do next. That’s why it’s so important to have a list of steps that can help you to take care of the legal and financial matters of their estate. Here’s what to do for your...
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How Does a Power of Attorney Change When Someone Reaches 18?
Many young people look forward to turning 18 and entering into adulthood. Once they reach the age of majority, they are now legally able to vote, marry, apply for a credit card, live independently, and make financial and medical decisions. But what happens if someone reaches 18 and is injured in an accident, requiring...
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Digital Estate Planning in California
There’s no doubt that we do more and more online each and every day. So while we tend to think of our physical assets when establishing our estate plans, it’s equally important to consider your digital life. In other words, your estate plan should take into consideration what you would like to happen...
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What Happens if a Trustee Refuses to Give a Beneficiary Money?
When someone sets up a trust, they appoint at least one trustee. The trustee is responsible for managing the assets of the trust for the benefit of the trust’s beneficiaries. Under California law, trustees are legally required to follow the instructions of the trust when distributing money and other assets.
In determining who should...
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