A lot of Americans feel that estate planning is only something that rich people need do. While it is true that estate planning becomes more vital when you have more assets to organize and divvy up, to say that low and middle income California residents cannot benefit from an estate plan is simply not true. This article will discuss how less affluent people can also benefit from an estate plan.
A trust is a very useful estate planning document. First, estate planners can use a trust to render the probate process unnecessary for their estates. Second, trusts can be used to clearly outline who will receive specific assets, when and over what period of time. Third, since there are a lot of different types of trusts that can be molded to fit different kinds of situations, a trust can be crafted to suit virtually any kind of estate planning need.
Disney is blocked from using Robin Williams' outtakes from the original "Aladdin movie," until 2039. The comedian's will has a stipulation that prevents the media giant from producing new films with unused material from Williams' "Aladdin" recording sessions completed in 1991.
A lot of single people in California wrongly assume that they don't need an estate plan. However, this simply is not true. Single people need estate plans just like married people do. The only difference is that the issues single people face are slightly different.