The start of retirement marks a significant milestone in life, and it’s a cause for celebration. However, before you embark on this exciting new journey, it’s essential to ensure that you’ve thought through all the necessary aspects of this phase of life. Retirement brings certain estate planning issues that you need to consider carefully. If […]

If you want to safeguard your assets and properties, it’s important to have a solid estate plan that includes various tools tailored to your needs. One such tool is a limited liability company (LLC) that owns some of your accounts and property. Here are some key things to know before adding an LLC to your

The short answer is yes, your trust can retain ownership of your business following your demise. However, several considerations come into play that may influence the outcome. One crucial factor is the type of business interest you possess, such as a limited liability company (LLC), partnership, corporation, or sole proprietorship. Another important consideration is how

Medi-Cal is a publicly funded healthcare program in California, United States. It provides comprehensive medical coverage to low-income individuals and families who meet certain eligibility requirements. Medi-Cal is administered by the California Department of Health Care Services (DHCS) and is part of the larger Medicaid program at the federal level. Key features of Medi-Cal include:

Many people hold to personal ethics that they wish to reflect in their estate plan. If you find yourself in this category, there are several strategies you can consider: Charitable giving A properly executed estate plan can provide for donations to a charity from your estate. Specific amounts and specific charities can be stipulated in a living trust, which

People sometimes move quickly to disinherit a child. Estrangement, arguments, disability, and addiction are typical reasons for making this choice. Before this is decision becomes definitive, however, it may be prudent to review the following considerations: First, it is important to consider whether or not these decisions will cause or worsen a riff between this

Although many understand the importance of creating an estate plan, it can often seem like a daunting task. To help ease the process, here are a few first steps you can take to get started: Make a list of your assets. The first step is to know what is in your estate, so grab a

Preparing for the care of your children if you were to pass away in their minor years is not only an important aspect of estate planning, but a critical protection to your children. The law provides several avenues of planning for these often unexpected circumstances:   Perhaps the most important of these avenues is to

The laws of California provide a court process by which all estates belonging to deceased persons are distributed: probate. It is a long and difficult process, and can often aggravate for the surviving family an already painful situation. The good news is, a living trust can allow one’s estate to avoid this process entirely. However,

Inheritance distribution can be a complicated process, often resulting in disagreement and negative interactions between surviving family members. These difficulties can be compounded in a blended family, particularly when both spouses come into the marriage with adult children. In a case like this, a living trust can become an incredibly beneficial tool. Consider the following:   A