The majority of Americans are familiar with the concept of a will. However, many estate plans benefit from living trusts, as well. Understanding the potential role a living trust can play in your estate planning process can help you make the best decisions for your...
A healthcare proxy is someone who makes medical decisions for you. You can set up a proxy who will use his or her power if you are unable to make your own medical decisions. Anytime you give someone else the power to make decisions for you, you have to choose that...
California is one of the many states that has neither an estate tax nor an inheritance tax. That means that when you die, your estate will not pay state taxes on your assets. Your beneficiaries will not owe state taxes on inherited assets. However, the federal estate...
