What is a Charitable Trust? The simple answer is that a charitable trust is a trust in which a charity is a beneficiary. The more complex answer is that there are two main types of charitable trusts: charitable remainder trust and charitable lead trust. This article primarily focuses on charitable remainder trusts as they are
Estate Planning
Revocable Trust
What Happens to My “Stuff” When I Die? Revocable Trust Think about all the “stuff” you have accumulated in your life: money, cars, real estate, personal items, stocks, and more. Have you thought about who should receive your possessions when you die? In California, if an estate has assets valued over $166,250, probate is necessary
What is a Guardianship?
What is a Guardianship? Guardianship and Advance Health Care Directives What is a guardianship? Many people used to think that estate planning was only for extremely wealthy individuals. This is a common misconception, but in recent years, more and more people are realizing that a comprehensive estate plan can provide many benefits. Regardless of wealth
IS HOARDING CONSIDERED ESTATE PLANNING IN LIGHT OF COVID-19
Do you have a square to spare? Consult your estate planning attorney and ask whether hoarding is considered estate planning in light of COVID-19 pandemic. If you have made a trip to Costco or to your local grocery store to buy toilet paper you may have a surprise. For instance, you know that there is
ESTATE PLANNING FOR COVID-19
Are your affairs in order?Estate Planning for COVID-19. Most people do not want to talk about the possibility of being physically or mentally incapacitated, about death, or what happens to your loved ones after you pass away. It is a sensitive subject, but without a comprehensive estate plan, family members can be caught off-guard when
Living Trusts: An Essential Estate Planning Tool
Estate planning is an important part of life planning that affects your entire family. The decisions you make today regarding your estate plan can help protect your loved ones in the future. Without an estate plan, you can’t choose who gets everything that you have worked so hard for. Instead, the courts will decide who