Every person planning their estate has unique issues to address, but certain concerns are relatively widespread. For example, it is quite common for those with sizable families or significant personal resources to worry about probate conflict after they die. Perhaps a...
Concord California Estate Planning Blog
Can you change your will after a dementia diagnosis?
More and more people are being diagnosed with Alzheimer’s disease and other forms of dementia than ever before – in part because medical professionals have gotten more aggressive about screening senior patients for early signs of cognitive disorders. There’s nothing...
California law and including a caregiver in your estate plan
If you’re one of the growing numbers of seniors whose adult children live far away, you probably rely at least part-time on an in-home caregiver who helps you out with any number of things from cooking and cleaning to running errands to home repairs and more. This can...
Do you need to bother with creating a digital estate plan?
While traditional estate planning generally focuses on tangible assets, medical concerns, guardianships for minor children and financial accounts, a digital estate plan covers everything from social media profiles to digital currencies. Essentially, if you draft a...
To whom should your aging parents grant power of attorney?
As your beloved parents age, it becomes increasingly important to plan for their future. This includes preparing for the possibility of their inability to make decisions for themselves. An effective tool you can use to plan for your aging parents’ incapacitation is a...
How an estate plan can minimize the risk of conservatorship
For most minor children, their parents are their guardians. When they turn 18, they acquire all of the freedoms and responsibilities that come with adulthood. Their parents no longer control their choices or daily lives. Adults in California generally have control...
4 different types of trusts
A revocable trust allows you to give a trustee the right to hold and manage assets until instructed. Typically, this means that once the grantor passes away, the trustee has the responsibility to give assets to beneficiaries. A revocable trust can be altered by the...
What does a trustee do?
When it comes to trusts, the role of a trustee is of paramount importance. If you’re navigating the details of trust structures, comprehending the duties and responsibilities of a trustee is essential. A trust is a legal entity that holds and manages assets for the...
4 signs it’s time to set up your parents’ conservatorship
Few things are harder than watching your parents struggle to participate in day-to-day activities. May adults who find themselves in this situation wonder when it’s the right time to step in and help their parents, especially when their parents wish to stay...
Does a child inherit a parent’s debt?
When a child and a parent cosign a loan together, then they share this debt. For instance, maybe they have a joint credit card or they cosign student loans or even a mortgage. If the parent passed away, the adult child would still be responsible for that debt. But...