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In a 2021 Caring.com survey, they found that about 66% of us do not have an estate plan or even a will. And, this is not that surprising as estate planning can seem macabre, and it is never an easy conversation. But, what some forget is that San Jose, California, estate planning is not just about planning for your eventual…
There are different situations in people’s lives in California that put them in a position where they cannot care for themselves properly. This could be when they are young and not ready or capable of providing for themselves. Children rely on their parents to provide a home, food, clothing and other life necessities. However, there are unfortunately times when parents…
When you are expecting a new child, you are likely readying the nursery and making your birth plan. Your financial concerns regarding your child may center around how to pay for childcare and diapers or even saving for college. You likely are not thinking that there is the possibility you will pass on before your child is grown. While this…
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,…
When it comes to planning, people tend to put things off. But many people in California and elsewhere may not realize that even setting up the most basic estate planning documents such as a will can provide the foundation for financial security for their loved ones. Couples who are examining their options sometimes consider creating a joint will rather two…
Good estate planning can have a lot of moving parts and there are some aspects which will have more use to you than others. Your needs will also change throughout your life, as you age and different events require different approaches to your estate plan. Powers of attorney can be invaluable under the right circumstances, so it’s important to understand…
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…