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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...
Parents usually consider their children when making decisions, whether big or small. And while no parent wants to leave their child behind, preparing for the unexpected, like death, is something that parents venture into to protect their children. With estate planning...
It’s wise to leave medical advice for your family so that they know how to address questions that may come up in the future. Remember that you may not always be able to make these decisions yourself. Some conditions can leave you incapacitated, such as suffering from...
Getting your affairs in order and safeguarding your future as well as your loved ones is one of the most responsible decisions you can ever make whilst you are alive and in sound mind. This is where estate planning comes in. One of the most important estate planning...
Trusts are useful tools for estate planning purposes. They can take various forms that best address the wishes of the trust grantors and the needs of the beneficiaries. One type of trust you might want to consider for one or more of your heirs is a spendthrift trust....
All California residents could benefit from having an estate plan. One aspect of it is a will. It’s important to know as much as possible about a will before you sign one. What is a will? A will is a legal document included in the estate plan that allows you to state...
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...
A living will is a document that provides guidance on how to manage someone's health care. This is necessary when an incident, such as a stroke or brain damage, results in a person's severe physical and mental incapacitation. The reasons to create a living will in...
Writing a will seems like an easy task. Several legal document resources provide templates for would-be testators. While such resources may be convenient, they might not always provide clarity regarding California laws. A last will and testament remains subject to...
