When we think of estate planning, we often fail to think about establishing any documents for young adults. After all, they probably don’t have an estate. But once your child reaches the age of 18, there are a few things to bear in mind. At 18 your child is considered an adult and...
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Category: Estate Plans
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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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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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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3 Reasons to Consider Updating Your Estate Plan
While most of us know the importance of establishing a comprehensive estate plan, many of us don’t know the importance of updating it. Updating your estate plan is important for many reasons. If your estate plan doesn’t accurately reflect your current life circumstances or the current laws, it can cause many issues for...
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5 Reasons for Estate Planning
Estate planning is important because it helps you to prepare for whom or where you want your assets to go when you pass away. Alternatively, when you fail to execute an estate plan, the state in which you live prior to your death makes this important decision for you. However, there are other...
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Should You Create Your Own Estate Plan?
It’s comforting to know that when we pass, we have the ability to provide our families with our own property. But since we know our families and our assets better than just about anyone else, wouldn’t it make sense for us to create our own estate plan? While executing your own estate plan may...
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