If you are approaching retirement in California, you may want to find ways to draw a steady income after you stop working. Having sufficient money to live on is especially important if you plan on delaying Social Security payments. Establishing an income trust can...
Estate Planning
What is a special power of attorney?
Just like the name suggests, a special power of attorney is slightly different from a standard power of attorney. If you’re in Concord, California and require a special power of attorney, it’s best to do your research first and determine what they can and can’t do for...
Estate planning as a tech entrepreneur
As a California tech entrepreneur, you are in a constantly changing environment, focusing on building your business, innovating new ideas and securing your financial future. However, it is equally important to plan for the future of your estate. Estate planning is a...
The facts about an executor’s duties
If a California estate is worth no more than $184,500, probate is simplified, and some steps can be skipped. Even then, however, the probate court must authorize the named executor to act as the estate's representative. An executor's duties include the following...
How to create an estate plan
Estate planning refers to the process of determining what happens to your assets after your death. While many people in California don’t want to think about their own mortality, most financial experts recommend having an estate plan. While the process may seem...
The importance of succession planning for your business
California business owners need to think about creating a succession plan for their company. This is an important element of estate planning and helps ensure that your business continues running smoothly if that is your wish. Preparing for your departure Succession...
Estate planning fundamentals
A comprehensive estate plan helps you get your financial house in order and provides a way to shield your California assets from seizure and federal and state estate taxes. An estate plan also allows you to appoint one or more trustworthy individuals to handle your...
Tips on talking to your parents about estate planning
Many California residents understand the importance of estate planning. If your parents have never discussed this issue with you, it’s possible they haven’t begun to make these arrangements, and you should talk to them about where they stand. Include your siblings If...
Do I need a living trust?
Living trusts are legal documents that California residents often include in their estate plans to give them more control over how their assets will be distributed after they pass away and to avoid the probate process. The person who creates a living trust is called...
Tips for picking your power of attorney in California
Setting up a power of attorney is a crucial part of estate planning in California. Should California residents fall into a coma or end up unable to make their own decisions, their power of attorney will make their financial and legal decisions. Why do you need a power...