Some people are not comfortable discussing death and illness with their aging parents. In truth, all of us will get older and have to rely on others for various forms of support. While the aging process can be difficult you can lessen the strain by planning ahead of time. It is important to sit down with your parents and discuss their future with them. Continue reading
Tag Archives: Palm Springs estate planning law firm
When someone dies, they will want to leave their belongings and their monetary assets to someone they care about. Most people write out a will in case something happens to them. This will allow them to leave what they have to someone that they wish to. Continue reading
Individual debt does not disappear simply because one dies. Companies and entities that have extended credit to that individual may assert their right to collect their one against that person’s estate. Although, this must be done in a timely manner.
Trusts are often a complicated area of the law. A trust is formed when a person transfers their property to a beneficiary, giving them the benefit of the property. This individual is the trustor. In turn, the individual who receives the item is then known as the trustee. It is important that you know these roles as you begin to explore the laws surrounding trusts. Continue reading
Estate planning is an essential decision in your life. It ensures that your spouse and siblings are protected after your death. Continue reading
Our Palm Springs estate planning law firm suggests you weigh the risks of not having an estate plan. In the event you pass on before having one created, your dependents and family have to take care of the transfer of all possessions into their names. However, it is not that easy. Here are a few reasons why you want to create an estate plan: Continue reading
The topic of this article is about a special type of California bank account sometimes known as a ‘Totten Trust’. It’s a very simple and quite effective way of avoiding probate, which is why it is also well known as a POD (payable on death) account. POD accounts are just bank accounts in which you name a beneficiary to inherit the funds once you die. Continue reading