Regardless of age or financial status, taking steps to map out the future is a must. The goal of good estate planning is to ensure that a person’s legatees know how to organize and distribute their assets and affairs according to their wishes. Before starting the...
San Jose Estate Law Blog
How to write your will to provide for a new loved one
Many people want to provide for loved ones in their wills. However, life is ever-changing. You can become close to someone even when you think your life is nearing its end. Including such people in your California will can be a meaningful gesture of care and support....
What is a living trust?
When planning for the distribution of assets, you can use various estate planning tools. One such tool is a living trust. Living trust According to CNBC, 67% of Americans do not have an estate plan. A living trust is a legal arrangement in which a person called the...
Ways parents can plan financially to help their kids’ guardians
In California, many parents put their children's well-being above all else. That is one reason they designate guardians during estate planning. Another important aspect is financial planning in case guardianship becomes necessary. Comprehensive emergency fund Building...
What is a trust?
A trust is a legal arrangement designed to manage assets on behalf of beneficiaries. A trust is a fiduciary relationship in which the grantor, who owns the assets, transfers them to a trustee. The trustee then manages these assets for the benefit of the beneficiaries...
What are some common advance directives?
Advance directives are legal documents that allow you to spell out your healthcare preferences and decisions. This ensures people care about and follow your wishes if you die or become unable to communicate with them later. To learn more, it is helpful toi explore...
Safeguarding wills against challengers
Wills exist to pass on the final wishes of the deceased. They are the embodiment of the last remnant of their human will. However, it is not uncommon for wills to face challenges, especially when they involve large assets. By taking steps during the construction of...
3 things to discuss with your chosen guardian
As a parent, one of the most important estate planning decisions you can make is choosing a guardian for your children in case something happens to you. Who you pick to care for your kids if you are no longer able will impact their lives significantly. To ensure you...
What is the purpose of an advance directive?
In the journey of life, uncertainties are inevitable. One aspect people often overlook is their health and the medical decisions that may arise in the face of unexpected events. Advance directives are legal documents that help individuals communicate their healthcare...
3 outside factors leading to estate litigation
In the realm of estate matters, conflicts often arise from external elements beyond familial ties. While families navigate the complexities of inheritance, various factors can sow the seeds of discord and result in legal disputes. 1. Inadequate estate planning...