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October 2015 Archives

A pet trust will ensure that your furry friends are taken care of

Our furry little friends are often the best friends we will ever have in this life, and that is why we treat them so well. However, as we grow older -- and even for people who are not of retirement age -- we begin to wonder if our pets might outlive us. This raises a lot of questions, particularly, how will my dog or cat (or fish or iguana) be cared for when I am gone.

The ins and outs of an irrevocable life insurance trust

Life insurance is a common estate planning product owned by California residents. It provides estate planners with the peace of mind of knowing that their loved ones will be cared for in the event of their deaths. Life insurance can be used to support a family after the estate planner has passed, to replace his or her contributions to family income, to ensure that there is sufficient money to pay for a child's college education, or simply to pay for one's burial expenses.

3 common power of attorney documents to consider

One of the most common estate planning documents is called a power of attorney. Powers of attorney can be drafted to grant another person the legal authority to make decisions on your behalf. They can be made to broadly apply to all areas of your life, or they can be made more specifically -- to only apply to certain areas of your life and only in the event that specific conditions are present. Three of the most common kinds of powers of attorney include medical or health care powers of attorney, financial powers of attorney and in loco parentis.

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