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November 2018 Archives

Changes to estate plans may be necessary after divorces

The start of a new marriage is rarely the time for a young couple to take stock in their future and plan for the time when they have both passed away. Though estate planning is something that all men and women should do, it is often put off until couples share children or hold significant assets and desire to have their wishes for the distribution of their wealth honored in the event of their deaths. California residents should note, though, that the ends of marriages are also important times to revisit their estate plans to ensure that they are accurate and up to date.

Understanding your role as a trustee

Perhaps a friend or loved one had enough confidence in you to name you as a trustee in his or her living trust. You may know that a trust is a way to manage one’s assets, but what does the trustee do? What are your responsibilities and how do you know when you need step into your role? Here are five basic facts you should know about being a trustee of a living trust in California:

Avoid conflicts in the administration of an estate

Challenges to estates are common in Hollywood dramas because they make for interesting stories and suspenseful scenarios. However, California residents who are in the process of creating their estate plans may wish to do everything they can to avoid introducing conflict into the administration of their end-of-life estates. There are a few suggestions for individuals who want to keep the peace between their heirs and beneficiaries after they have passed on.

Is a Transfer on Death Deed right for you?

For many people, their house is their largest asset. In 2016, California joined a myriad of other states in offering a simplified option for transferring your house at death. A Transfer on Death Deed (TOD deed) allows you to pass your house to a person (or multiple people) upon your death without having to go through probate. This sounds great, but how do you know if a TOD deed is the right choice for you? Understanding a little more about the TOD deed should help you decide.

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Get the peace of mind that you deserve. First, attend a seminar. This will entitle you to a free initial consultation and a discounted estate planning fee. To learn more about our services or sign up for a seminar, contact us online or call us at 866-402-1805. We have offices in Torrance, Orange, Newport Beach, Pasadena and Woodland Hills.

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