If you have the expectation of receiving long-term care as you age, then a Medicaid trust might be useful. Medicaid, if granted and used, enables you to protect your savings and retirement funds. During estate planning in California, it's important to plan for your...
Year: 2021
Alcoholics and divorce: a complicated mix
Among the numerous reasons for divorce, alcoholism is a significant item on the list. Whether or not you can point to your spouse's drinking problem as grounds for divorce depends, for one thing, on where you live. Here's what people living in California need to know...
Types of trusts in California
As a resident of California, your estate plan can legally consist of a diverse number of trusts. Trusts are flexible by nature, yet there are specific trusts for special needs, medical care or life insurance policies. Since you can write up a trust for any strategy...
What estate planning documents are worth considering?
When someone ages or comes face-to-face with concerns over mortality, they might start taking long-overdue estate planning steps seriously. With detailed and thoughtful estate planning, a person could make things less stressful for their surviving heirs. The...
How to stay emotionally healthy after a divorce
Residents of California who are going through a divorce might struggle with what comes after the marriage ends. For some, the negative emotions might seem as overwhelming as all the financial and practical changes that will have to make. However, there are ways to...
What estate plan changes arise after a divorce?
Writing a will represents an important part of estate planning. Once signed, the legal document remains in effect until the testator decides to change it. And yes, someone can change a will under California law. Changes in either someone's life or relationships affect...
Creating an advance directive in California is essential
Preparing for the end of your life is an essential task you may want to consider if you reside in California and want to help ensure your needs and wishes are met. Creating an advance directive is one of the elements associated with this endeavor. It's a legal...
The privacy of your estate plan
Estate planning assigns your personal assets to certain beneficiaries and inheritors. Your privacy in California, however, isn’t established solely by having an estate. Holding high-worth assets in your portfolio often calls for privacy. Keeping the exact worth of...
Retirement and estate planning
Some California residents write a will, stick it in a drawer and forget about it, but the truth is that estate planning is a process. Whenever you have a major life event, it's a good time to revisit your estate plan. The birth of a child, marriage or divorce will all...
How to keep your finances separate during a divorce in California
Divorce in California can be a lengthy process and a hard adjustment. Someone who's been sharing their finances with their spouse for a long time might not know how to separate these assets during the divorce process. A professional may give you personalized advice...