Your family business is likely more than one thing. It could be a mainstay of your family throughout generations, a source of income and employment, a place of fulfillment for multiple family members and more.As the owner of your California company, bar, restaurant,...
Rose Law Firm of Napa Valley, Inc.
Caring for the needs of your dog after you’re gone
As you establish your estate plan, you'll likely consider all the members of your family. Though many people consider their four-legged companion to be a loved one, the law deems a dog personal property.As such, you can't leave money to your dog. However, that's not...
Choosing An Executor Is Crucial In Estate Planning
A solid estate plan includes many details. A major one is having the right executor, or personal representative, whose job it is to fulfill the wishes of the testator -- the person who makes the will. It takes special skills to be an executor due to many legal and...
Do millennials need to think about estate planning?
A lot of people think estate planning matters only when you are old or you are rich. That is not the case. According to a recent Gallup Poll, only 4 in 10 Americans have a will. The statistics are even more staggering when looking at younger Americans. In 2016, only...
Managing sudden wealth: Preparing your heirs to inherit
The Williams Group conducted a 20-year study of high wealth families to review the transfer of wealth from one generation to the next. The study found 70 percent of families lost their wealth by the second generation and 90 percent by the third. Surprisingly, the...
Avoid Conservatorship With Proper Estate Planning
An opportunity to save money is a huge motivator to make a purchase, and it should also prompt you to action to safeguard your estate. Without a legally binding estate plan including incapacity planning, you're leaving your assets open to a long and expensive...
A brief overview on the duties of a trustee
Being named the trustee of a loved one's estate is an enormous responsibility and an incredible honor. When asked, you were happy to oblige, agreeing to follow their wishes without hesitation. You signed on the dotted line and felt a sense of pride, because you knew...
The importance of long-term care as part of your estate plan
Many people, when they hear the term "estate plan," think of a will or a trust designed to pass assets down to your loved ones after you're gone. This is indeed a vital part of what estate planning does, but modern-day estate plans are much more comprehensive than "I...
Severing the Right of Survivorship WITHOUT the Consent of the Other Tenant or Spouse
Dear Trevor:My late wife and I purchased a home together in 2002 and went on title together as joint tenants. We each have adult children from previous marriages. Sadly, my wife passed away unexpectedly about three months ago and I recently went to talk to an estate...
