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March 2016 Archives

In what circumstances is a living trust a good option?

One thing about estate planning that can make it challenging is how so many people view the process as making "death arrangements." While planning out your wishes, your property disbursements and other personal issues does include end-of-life elements, it is really more about living. Taking control of your assets while you are alive usually enhances a person's quality of life. A living trust is just one of the estate planning tools that can give you the peace of mind necessary to enjoy the rest of your life.

Are you a California single? Estate planning is still important

If you are unattached or unmarried, you probably do not give much thought to your estate. However, most single Californians need an estate plan as much as those who are married do. Consider this: When a married person dies without an estate plan, his or her assets will likely be distributed to the spouse and the children. But when a single person dies without a plan, his or her assets could go the state.

The fiduciary duty of a trustee and potential consequences

So you recently found out that you have been named trustee to a loved one's trust. You don't think this is a big deal and that trust administration just means having your name on a legal document. However, this idea is absolutely incorrect.

Handwritten wills in California | What you should know

In California, it is perfectly legal to have a will written by hand instead of typed up, witnessed and signed. Known as a holographic will, this handwritten document describes how the testator wants his or her estate to be dispersed after death. As long as the holographic will complies with the state's specific legal requirements, California courts will recognize the document as valid. These basic legal requirements include:

Different kinds of trusts in California and their purposes

For those just embarking on the road to estate planning in California, the different types of trusts may seem as varied as the species of fish in the sea. In truth, there are not as many trusts as there are fish in the sea, but there are quite a few. When researching the trusts available to California citizens, it can feel overwhelming, but you should know that most people only need concern themselves with a few different trusts.

Media mogul's latest competency report filed and then sealed

One of the biggest media moguls of today took his estate planning efforts seriously. Sumner Redstone, the 92-year-old controlling shareholder of both CBS and Viacom, has a family trust in place to protect his interests in the event of death or incapacity.

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