Tailoring A Solution To Meet Your Needs
Are you worried about how your estate’s assets are going to be utilized once you’re gone? Are you concerned that your loved ones will simply rely on their inheritance to get by, thereby diminishing their motivation to live up to their potential? If you answered “yes” to either of these questions, then you need to shape your estate plan in…
The components of your estate plan will vary depending on your specific needs and the needs of your family. There are many tools available for you to use in your estate plan, from basic wills to various types of trusts. For example, many people find that living trusts are the best way to ensure that your estate planning needs are…
An estate plan is crucial if you want to protect your assets and ensure that your loved ones and the endeavors that you care about are adequately supported. But a lot of people find it challenging to create an estate plan. Some fear the thought of their own mortality, while others just put it low on their list of priorities,…
For many Californians, estate planning is something they put off. While this is understandable given the subject matter and that it is essentially acknowledging one’s own mortality – something that people are often reluctant to do – it is frequently a mistake. Younger people are especially guilty of failing to adequately plan regardless of their personal and financial circumstances. Still,…
Life expectancy in the U.S. is on the rise. This raises the troubling question many retirees are facing: what happens if I outlive my assets? The following are some tips on how to avoid this scenario from occurring. The “4%” rule Traditionally it was recommended that if you only withdrew up to 4% of your assets the first year you…
Although Californians can take legal estate planning steps as soon as they reach adulthood, many young people put off even writing a will. There may be many reason for the delay. Young people are typically in good health, and they may think that an estate plan would accomplish little since they do not have a lot of property that would…
As we age, we tend to worry about our loved ones’ financial stability when we’re no longer around. This is what drives many people to engage in estate planning. But if you’re worried about your grandchildren’s financial wellbeing, then there may be steps that you can take now to ensure that they avoid some of life’s most common money struggles.…
People in California approach estate planning from many different angles. For some, the most important part is to designate a guardian for minor children. For others, the distribution of their estate is the most crucial part of the process. And for others, minimizing tax exposure and simplifying the process for family members is the key. What are your goals in…
The idea of estate planning can be depressing and daunting. It can be depressing because no one wants to think about their death, and it can be daunting because you may not know where to begin. Sometimes it helps to break down a topic like estate planning into two categories: financial documents and health care documents. The financial aspects of…
Most residents of the Bay Area who are exploring the possibility of creating an estate plan soon run into financial planners who sell themselves as estate planning experts. Many estate planning experts also attempt to convince potential clients that they can be trusted with the financial aspects of an estate plan. Who is right? How can a lay person make…