Reasons To Have An Estate Plan | Estate Plan Pros

Why I Love Estate Planning - Going Beyond Avoiding Probate And Taxes

A lot of estate planning material you see out there focuses on avoiding the big expenses – taxes and probate fees.  But what makes me excited about estate planning is working with people who truly care about their family, and want to ensure their success long after they are gone.  For these individuals, the money is only part of the picture; their real concern is the well-being of their...

Read more...


Estate Planning Is For When You’re Alive, Too

Estate Planning Is For When You’re Alive, Too

Think estate planning is just for when you’re gone?  Think again.  Estate planning is as much about protecting yourself as it is protecting your family.  When you’re alive but not well, who is in charge?  Either you’ve appointed someone ahead of time, or the government will appoint someone for you. You can appoint someone to make financial decisions through a Durable...

Read more...


Top 5 Estate Planning Risks

The Top 5 Estate Planning Risks

Why should you care about estate planning?  Should you bother with a will or trust?  Do you need to think about this subject at all, or can you continue to safely ignore it?  One thing for sure: it’s tough to fix estate planning mistake after the fact. 1. Death ProbateDeath probate is where the court and attorneys will supervise the distribution of your estate.  Would your...

Read more...


Prince's death left his estate in shambles

Prince’s Poor Planning – Don’t Make the Same Mistake

Not everyone is a successful music artist like Prince, but he made a mistake I see too many people make all the time: he died without a will.  According to a recent court filing by Prince’s sister in Minnesota Prince died “intestate” meaning he did not have a will or living trust in place.  Because there is no plan in place the state will now decide who is in charge of Prince’s estate,...

Read more...


The Top Five Estate Planning Whoppers

These are the top five of my favorite whoppers I hear as an estate planning attorney. 5. I don’t care what happens after I’m gone. It is true that the things you leave behind aren’t going to mean much to you anymore.  But, the people you leave behind are going to know whether you cared enough about them to leave behind an orderly plan, or a big fat legal mess that has everyone at each...

Read more...


Ten unique ways to say “I Love You” for Valentine’s Day

Looking for something beyond diamonds or chocolate and flowers?  Here are some suggestions that don’t involve your pocketbook, but can have a big impact on your relationship. Do something simple around the house – but beat her to the ask. Find something to fix or clean or a chore undone – and do it.  Bonus points if you finish before she finds out. Devote time to be together....

Read more...


Seven Devastating Mistakes To Avoid With Your IRA Beneficiary Form

Your retirement account can pass on tremendous value to your beneficiaries – if you plan carefully and avoid these seven mistakes. 1. Outdated Choices A very common mistake to make – your life has changed, but those changes aren’t reflected in critical financial decisions you made back when you set up your retirement account.  If you’ve remarried, your ex spouse is probably listed as the...

Read more...


Guard Against Legal Risk

Guard Against Legal Risk With Two Legal Documents Every Adult Should Have

You know you shouldn’t leave home without your wallet.  You also shouldn’t leave home without two key legal documents. Just like wearing a bike helmet or putting on a seatbelt, these two documents are designed for your legal safety.  Every adult needs them.  What are they?  In California, they’re called the Advance Health Care Directive, and a Durable Power of Attorney....

Read more...


Couples still need incapacity protection

No children? 3 Reasons to have an Estate Plan

Two big estate planning myths are that you only need an estate plan if you’re old, and you only need an estate plan if you care about your kids.  You actually need an estate plan if you care about yourself.  There are two other reasons you should have an estate plan even if you don’t have children.  Self-ProtectionIf you can’t make important decisions, who will?  Many people...

Read more...


Not everything automatically goes to your spouse.

Do I Need an Estate Plan for my Spouse?

Doesn’t everything automatically go to my spouse?  Well, maybe.  Depends on your definition of “is”.  Recently our office had a situation where a husband passed away suddenly while running errands.  It turns out that everything was just in his name – the vehicle he was driving, bank accounts, etc.  What this means is that if their estate is over $150,000 gross value, his...

Read more...


Ready to Start Your Estate Plan? Schedule My Appointment