Why Consider a Revocable Trust?
Sometimes even the most meticulous planners fall victim to unexpected circumstances. While a living will and trust can be an effective tool used to avoid probate, some people find themselves unable to keep these tools updated. With each large purchase, new family member, or boom in the family business, living wills and trusts need to […]
What does Estate Planning look like for Military Families?
We recently took time to consider those valiant brothers and sisters who gave their lives defending our freedom. Our hearts are turned not only to them but also to their families in this season of gratitude and honoring. Having a military spouse or parent poses unique challenges in the event of a tragedy: military families […]
When should I begin planning my estate?
Some of the first images that come to mind when you hear the words “will” or “estate” may be elderly couples, mansions, or vast amounts of land. Rarely does one think these things will become pertinent before the age of 45. The truth is, estate planning can be important much earlier in life! Millennials have […]
Naming Co-Agents in a Power of Attorney
It has become more and more common for people to name Co-Agents in their Power of Attorney documents. Recently, we prepared a Power of Attorney for a client who named her two children as co-agents in her Power of Attorney. After executing the document, the client brought the executed Power of Attorney to her bank […]
What Happens When a Bank Account Has No Beneficiary Designations?
We recently had a client who was named the successor trustee of her uncle’s trust and had the task in administering his Trust. All of the uncle’s assets were in the Trust except for a large bank account with no beneficiary designations. Typically, when a bank account (over $166,250) has no beneficiary designations and not […]
Thanksgiving Dinner Is the Perfect Time to Discuss Estate Planning
Though you may be spending your Thanksgiving eating tons of delicious food, watching football, and taking a long tryptophan-induced nap, this may be the perfect time to discuss estate planning and let family members know about your future plans. It’s a time when families get together anyways and though it might not always be lighthearted, […]
Importance of Minor Guardianship Documents
What is a guardian? A guardian is the adult who is legally responsible for the needs of a minor. In California, you can only become a guardian if you are appointed by the court. There are two types of guardianship. The first, is guardianship of the person, which means the guardian has custody and responsibility […]
Estate Planning Awareness Week: October 18-24, 2021
The National Estate Planning Awareness Week is almost upon us! This is a public campaign designed to help people understand why estate planning is so crucial. Often times people avoid planning for their death because the topic is uncomfortable to think about or the discussion with loved ones is too difficult. Another common misconception is […]
Biden Administration’s Proposed Federal Tax Changes Relating to Estate Planning
Celaya Law keeps up to date with what is going on, on both the local and federal level. Your Estate Planning attorney at Celaya Law can help answer questions about what new bills have been passed or on their way to review that might cause big Changes. Below is just one current change that is […]
Estate Plan Update Checklist
Though it is critical for your family, assets, and legacy- estate planning tends to fall to the bottom of people’s to-do lists. Even with an estate plan in place, it’s a good idea to have your estate plan reviewed, especially if you have experienced significant life changes (marriage, divorce, you have moved, etc.) Below is […]
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