As our population ages, people are living longer and this will change the landscape of estate planning. Baby boomers’ responsibilities now go beyond their own retirement. With both baby boomers and their parents in retirement, boomers must consider their parents’ welfare, too. This requires planning today and into the future.
Whether you are part of a couple or a single parent, married or not, you owe it to your children to plan a guardian and secure their future by planning your estate. Although most often, custody of your children will go to the other parent, in many cases it is
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
It is becoming increasingly common for many unmarried couples to live together and build a life together, whether they are same sex or opposite sex couples. However, there are many real estate issues and opportunities that should be planned for in advance because these are challenges married couples do not
Probate can be expressed as a court proceeding in which your estate is dispersed after your death. When an estate goes in to probate, all of the decedent’s assets and financial debt will be distributed according to the person’s last will and testament. Probate will also allow the heirs to
Exactly what is Estate Planning? When shopping for Estate Planning advisory services, many consumers become overwhelmed by the myriad of options available on the market. Glitzy and persuasive advertising campaigns put out by lawyers, banks, insurance firms and financial advisors add to the confusion.
An estate executor can be one or more people designated to handle the estate of a deceased person. Such executors perform a host of duties, and these duties are determined by factors such as the type of inheritance and whether a trust is involved.
Things are changing for same-sex couples. Same-sex marriage is seeing growing acceptance, both socially and legally on a federal and state level. Same-sex couples aren’t the only “alternative” families. There are a growing number of people choosing to have children without waiting to get married first. Just because the law
A trust is a legal document based on reliance and obligation to carry out the wishes of another if incapacitated or upon death. Previous assets are stored into the set up of a trust, which belongs to the trust itself, not the trustee. The trust is delegated according to the
Planning for any sort of estate can be something you do not look forward to, but it is a must and something you need to do. Planning appropriately helps ensure the assets and money you’ve accumulated by yourself or your parents go to the appropriate person(s) after death. It is