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June 2016 Archives

Basic information for setting up charitable trusts in California

"Giving back" has become an important part of many California residents' lives. As awareness about the needs of charitable giving continues to grow across the nation, people often ask attorneys for advice about efficient methods of charity. Setting up a charitable trust is one way people can give back. Setting up such a trust will also provide you with a few benefits as well.

Important Estate Planning Challenges Baby Boomers Need To Know

The Baby Boomer generation has proved to be a force to be reckoned with. Resilient and living longer than the generation before them, it seems that retirement is now a second phase in life and certainly not the last phase. However, with the pro of living longer comes the con of even more planning for the future. More specifically? Estate planning concerns.

Estate planning | Distributing inheritances to your kids

Distributing your assets once you pass away is a difficult topic to address. California parents are often afraid their kids will think it is a sign of favoritism if they leave more to one child than to another. Worse, parents worry the children who receive less may think they are less loved. The worry is for good cause as this is often the case with children who do not receive an equal share of their parent's property.

The truth about debt, death and heir responsibility

Dying with debt is a topic that makes most people feel uncomfortable. Residents of California and elsewhere typically work hard to keep a firm handle on their debt so that it does not become overwhelming. However, as you might imagine, people do die with unpaid debt. The Federal Reserve Board's Survey of Consumer Finances reveals that households headed by senior citizens hold about $40,000 of debt. Further, the survey revealed that the number of seniors with debt is increasing.

Don't make mistakes when protecting your legacy

Protecting one's assets and life legacy for generations to come is not something California residents typically think about. In truth, the subjects of death and estate planning make many people feel uncomfortable. As a result, some people are hesitant to even get started. This in itself is common mistake people can make when protecting their estates.

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