Numerous California residents create revocable living trusts every year, but not all of these individuals will take advantage of their numerous benefits. In fact, it's not uncommon for individuals to waste the amount of money they spend on trust creation by never...
Month: March 2018
The unique estate planning challenges of women
Women and men are equal under the law, but there are some unavoidable characteristics that make them very different from one another. From an estate planning perspective, the most important difference is the fact that women tend to live almost five years longer than...
What should I consider when creating a pet trust?
California parents love their children more than anything -- well, almost more than anything. Many parents arguably love their pet dogs and cats just as much as their human children. The problem is, dogs and cats are considered property under the law and they can't,...
What are the limitations of a special needs trust?
Setting up a special needs trust is virtually a necessity for parents of children with special needs. Having one in place means that your child will benefit from solid financial resources, be able to afford the level of care that he or she deserves and still qualify...
What parties are involved in a testamentary trust?
A testamentary trust is written within a will, or it's written within another document that has been incorporated into a will by reference. Such a trust goes into effect at the death of the will creator (a.k.a, the settlor). One of the primary reasons why estate...
