For many, it sounds like a dream come true. A long-lost uncle with no other heirs passes away, only to leave a magnificent beachfront property to you. While nearly everyone would love to inherit a dream home after a relative or close friend dies, the reality is...
Estate Planning
3 Estate Planning Considerations for Your Family Business
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,...
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...
6 tips for transferring your business to the next generation
Owning a small business is an emotional experience. The blood, sweat and tears you put into keeping your company afloat over an entire career create a bond that can make letting go difficult. If you are looking to pass on the business to the next generation, there are...
