Here in California, real estate is often the single most valuable asset detailed in individual estate plans. Whether you have one residence or perhaps a vacation home as well, it’s important to determine what you want to happen to your property after you’re gone. If...
Estate Planning
The risk of using a deed as part of an estate plan
Estate planning is a way for people to protect themselves and their loved ones. The process often focuses on choosing beneficiaries to inherit specific assets. For many California residents, the home where they live may be the most valuable property they own, which...
Why business owners may need to draft powers of attorney
Estate planning is beneficial for people in all kinds of careers and family situations. Some testators establishing estate plans need more robust plans than others. A business owner has high-value assets to address. They also need to consider the continuation of...
Have you chosen a successor for your business?
For many providers, their dental practice is more than just a job; it's a culmination of years of training, dedication and the establishment of a trusted relationship with their patients. But as all things do, medical practices eventually face transitions. This...
Why California’s “next-of-kin” law may not protect your wishes
You may have heard that last year, California enacted a “next-of-kin” law that’s like those already in place in numerous states. It requires hospitals and other medical facilities to designate a health care surrogate for a seriously ill or injured patient who can’t...
What steps can I take to protect my estate?
Protecting your estate involves a comprehensive approach to better ensure that your assets are managed and distributed according to your wishes, medical decisions are made in accordance with your preferences and your finances are handled efficiently. The only way to...
What is a power of attorney in estate planning?
Estate planning is critical for all adults, but you may not realize that this goes far beyond just saying who gets what assets when you die. A major component of estate planning is giving a trusted individual the legal ability to make decisions for you if there comes...
3 estate planning strategies to reduce probate complication risks
Probate proceedings are notorious for delaying the distribution of someone's assets and also diminishing how much their selected beneficiaries receive from their estate. The more conflict there is and the more that the probate courts have to resolve, the greater the...
How likely are beneficiaries to fight over their inheritances?
The process of putting together a comprehensive estate plan requires that someone carefully considers numerous variables. For example, people have to think about their future medical needs and what may happen with their debts after they retire. They also have to...
Managing a dental practice in a dentist’s estate plan
Dentists spend years completing an education that allows them to command a competitive wage and to potentially be their own boss and offer their loved ones an excellent standard of living. A successful dental practice may include one dentist and multiple hygienists or...