When you look into estate planning, one thing that you’ll find is that most people haven’t done it. The majority of Americans don’t have an estate plan, and many people will pass away without ever writing one. There are a variety of reasons why this happens. However,...
Year: 2024
Potential reasons for a gray divorce
In recent years, the divorce rate has been going up for those who are in their 50s or older. Many people refer to these cases as “gray divorces.” It just denotes that the couple is at a relatively older age when deciding to end a marriage that may have lasted for...
Estate planning basics for LGBTQ+ couples
For nontraditional couples, estate planning can be somewhat different. LGBTQ+ couples and heterosexual couples who don’t marry should be aware of the tax ramifications and other issues that can crop up during estate planning. Below is some pertinent information about...
What is a power of attorney?
Most people believe estate planning mainly focuses on what happens after they pass away. Their will instructs what happens to their assets, who should benefit from the estate and how an estate is settled. However, people have the option to decide in their will what...
Can someone plan to avoid estate taxes in California?
Estate planning is a deeply personal process in which someone provides support for their loved ones and creates a legacy. Every testator in California has unique concerns and goals, but there are some desires that are relatively universal. For example, most testators...
Creative ways to use an incentive trust
When you set up a trust, it can be very straightforward. You may just stipulate that the money in the trust is to be used for education expenses, for example. But you can also get a bit more creative, especially if you use something like an incentive trust. This...
3 reasons a judge may order supervised visitation
During litigated divorce cases, the courts seek a fair solution for every involved party. Where children are involved, their welfare supersedes all other considerations. In cases where the court determines that supervised visitation is necessary, it's typically...
What are the positives of divorce?
Pursuing a divorce is a major decision for any spouse. A divorce could result in significant changes personally, financially and emotionally. With that being said, divorce is often viewed in a negative light. The truth is that divorce can bring numerous benefits for...
How financial disputes can result in divorce
No two divorces are exactly the same, but there are some common factors in many divorce cases. For example, many marriages break down due to infidelity. Another common reason seen in divorce cases is financial disputes. When a couple gets married, they join their...
3 common causes of divorce
The majority of couples enter marriage with the intention of staying together for the long term. Despite these intentions, the reality is that a significant number of marriages end in divorce The causes of divorce are usually multifaceted, but there are some common...