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December 2015 Archives

What should I do with my inheritance?

Being blessed with an inheritance seems like a good thing, and indeed it can have many beneficial effects on your life, but with a sizable inheritance also comes a great deal of responsibility. The fact is, deciding how to appropriately handle your inheritance will take time, work and attention to detail.

The importance of creating your powers of attorney now

A power of attorney is a powerful document indeed. However, if you don't create the document now, it could be too late to do so when you need it most. These documents are designed to serve you when you are no longer able to serve yourself -- in other words, when you become incapacitated.

Basic information on living wills

A lot of California residents confuse living wills with actual wills. However, living wills are actually quite different. These documents -- which are also referred to as "directive to physicians" and "health care directives" -- express an individual's preferences with regard to medical care in the event that he or she cannot communicate those preferences due to incapacitation.

Powers of attorney for dementia patients: Who is involved?

Being diagnosed with dementia can be scary. Although each case is different and a surprise recovery or halt in progression of the illness is not unheard of, most California residents diagnosed with dementia will face a decline in mental, and eventually physical, faculties. At a certain point they will be incapacitated and unable to make decisions for themselves.

Estate planning tips for the modern digital age

In the internet age, most of us will leave behind some kind of a digital legacy that includes online bank accounts, investment accounts, digital photos and other kinds of data. Most of this information will be password protected and some of the data can be very valuable to our heirs -- either for financial or sentimental reasons. This is why it is now necessary for Orange County residents to create a plan for organizing their digital assets and to include them in their estate plans.