Estate Planning
Estate Planning — How to leave assets to beneficiaries in a living trust – Part 2
Last week, we discussed the most common ways to leave assets to beneficiaries through a living trust – including outright distributions, ages and stages, and ongoing discretionary trusts. Each approach offers different levels of protection, control and complexity,...
Estate Planning — How to leave assets to beneficiaries in a living trust – Part 1
Creating a living trust is a powerful way to avoid probate, maintain privacy and simplify the distribution of your estate. But once the trust is established, one of the most important decisions you’ll face is how to leave assets to your beneficiaries. There’s no...
Estate Planning — Can I disinherit my child and leave money for my grandchildren?
Yes, you can disinherit your child and leave your assets directly to your grandchildren. California law allows individuals to freely distribute their estate as they wish, provided their intentions are clearly stated in a valid will or trust. This concept is called...
Estate Planning — Do trustees and executors get paid—And is it taxable?
Yes, both trustees and executors are entitled to be compensated for the services they provide in administering a trust or estate. In California, the law provides specific guidance on compensation, and both state and federal tax authorities treat that compensation as...
Estate Planning — What is a living will and why you need one
A living will in California – formally known as an Advance Health Care Directive (AHCD) – is a vital legal document that allows you to state your preferences for medical care and to name a trusted person to make health decisions on your behalf if you become unable to...
Estate Planning — The importance of funding a living trust
Creating a living trust is a powerful estate planning tool – but its value depends entirely on whether it’s properly funded. Funding a trust means transferring ownership of your assets into the trust’s name. Without this crucial step, the trust may not serve its...
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