Tailoring A Solution To Meet Your Needs
Californians who take the necessary step to create a well-rounded estate plan must tailor it to suit their needs. In cases involving a minor who will need a guardianship, it is important to select the right person to serve as the guardian. It is a significant responsibility and naming someone who cannot fulfill the duties can cause problems that the…
Choosing who will be the executor of your will is an important decision. Personal representatives, along with the court, are largely responsible for ensuring that your will goes through probate in a timely and accurate manner, according to your wishes. But what if the person you want to name isn’t a resident of California? Out-of-state residents California does allow nonresident…
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…
Special needs trusts help many disabled Californians retain their eligibility for public benefits while holding different types of assets in trust. This can help people with special needs receive benefits through services such as Medicaid while providing them with other assets when they need them. A special needs trust can be a valuable and practical estate planning tool. An experienced…
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…
For a Californian who is aging or has experienced a life event that leaves them unable to oversee their affairs, a conservatorship might be necessary. Under the conservatorship, the person – the conservatee – will be protected by someone who has been appointed to fill the role. This is a significant responsibility and there is an enormous level of trust…
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…
If you have a physically or mentally disabled child, you know that planning for their future is important. A disabled child requires special care, and that care doesn’t stop when the child turns 18. Many disabled children will require help for the rest of their lives. Planning ahead for their needs is important for parents. Opening a CalABLE account may…