Trusts are powerful planning tools that enable you to avoid probate, plan long term for your family’s future success, and possibly save on estate taxes, or even qualify you or your spouse for Medi-Cal or VA benefits.
There are many different types of trusts, and even inside a “basic” revocable living trust there are many differences. Differences that may not be apparent to you when you look at a trust, but that become glaringly apparent for your surviving spouse or children.
Is California’s New Transfer on Death Deed a Safe Alternative to a Living Trust?
Perhaps you’ve heard from a well-meaning friend or advisor that you can use an inexpensive Transfer on Death Deed toRead more.
How to Handle a Surplus of Stuff When a Loved One Ages
As the baby boomer generation ages—and downsizes—more and more adult children will be tasked with going through their loved one’sRead more.
Five Reasons To Never Give An Outright Inheritance To Your Children - and What to Do Instead!
If you’re like me, you want to leave an inheritance for your children. It’s likely part of what you areRead more.
Tips for Grandparents Helping with College Expenses
Grandparents are increasingly in the picture helping grandchildren with the skyrocketing costs of college. That help can be unintentionally negativeRead more.
To Protect Your Children’s Inheritance, You Don’t Have to Control It
An estate plan gives you lots of opportunities to define when and how your beneficiaries can use their inheritance. InheritanceRead more.
Legal Protection for Your College Freshman
Besides Top Ramen, there are two essential legal documents your high school graduate needs to have in place. Two KeyRead more.
Protecting Mom’s Future – Estate Planning for the Surviving Spouse
According to the Census Bureau, 56% of surviving spouses over age 65 are women. When it comes to estate planningRead more.
7 Costly Mistakes When Planning For A Special Needs Child
Children with disabilities can benefit greatly from advanced planning on the part of their parents. Conversely, if the parents failRead more.
Control Your Assets in a Trust
One of the questions I get all the time is, should I put _________ (name an asset) into my trust? Read more.
5 Types of Living Trusts You Need to Know About
Not all living trusts are the same. And I’m not talking about quality either, though that is a major factorRead more.