How Can Charitable Giving Affect My Estate Plan? When drafting an estate plan in California, you are usually focused on preserving your assets and accumulated wealth to benefit your heirs and beneficiaries. However, there’s another aspect to this plan that is well understood and familiar to many California residents: leaving a legacy of philanthropy and […]
The Impact of a Medical Trust on California Healthcare Costs As a resident of California, you are no stranger to the rising costs of healthcare. The state’s diverse population and high cost of living contribute to the challenge of managing medical expenses, especially for those with chronic conditions. Navigating the complex healthcare system can be
Estate planning isn’t just for individuals with a lot of wealth; it’s also a crucial tool for small business owners, especially in a state as dynamic as California. Proper estate planning can ensure the smooth transition of business ownership, protect assets, and mitigate tax burdens. Understanding the Importance of Estate Planning for Small Business Owners
When it comes to our health, none of us can predict the future with certainty. Accidents, illnesses, and unexpected events can occur at any time, potentially leaving us unable to make decisions about our medical care. California’s Advance Health Care Directive (AHCD) is a crucial legal document that empowers individuals to plan for such scenarios,
California’s Advance Health Care Directive: Planning for Incapacity Read Post »
It isn’t enjoyable to imagine what life will be like once our loved ones pass away or think of them living without us, and discussing what needs to be done when you reach the end of your life can be uncomfortable. However, taking these steps to plan your estate now can save your family significant
How Does a Trust-Based Estate Plan Help Avoid Probate in California? Read Post »
Do you have a friend who haven’t created their estate plan yet? If so, please share this article to them and help them understand the benefits of Advance Healthcare Directives. —– Nobody likes to think about their own mortality. But if you wish to maintain control over what happens to you if you get into an
Be a Good Friend – Educate Them About Advance Healthcare Directives Read Post »
As many financial advisors may know, the new Tax Cuts and Jobs Act raises the estate tax exemption to $11.2 million for singles and $22.4 million for married couples, both figures being about double what they previously were. For many Americans who previously were right on the cusp of being affected by the estate tax,
What Financial Advisors Must Know About the New $11.2 Million Estate Tax Exemption Read Post »
It is quite comforting to know that medical professionals today are ready to use various treatments and tools at their disposal to save our lives. It is also important to have the assurance that those caring for us at a time of crisis do so according to your desires and wishes. Life-sustaining procedures such as
Why It Is Important To Hire A Healthcare Proxy Read Post »
With or without a will, estates may have to go through a probate process. Typically, the probate process is used for one of two things. It might certify the validity of a will and the executor’s authority to carry out the wishes in the will. Without a will, the probate process must name an administrator
3 Important Reasons to Avoid Probate Read Post »
While most people look forward to retirement, not everyone has their estate plans in proper order. Even if you have created a will and related documents in the past, it is essential that you have them updated as you enter the retirement years. The most basic document in your estate plan is your will. Though
Tips For Updating Your Estate Plan As You Approach Retirement Read Post »
