When a loved one passes away, his/her/their estate often goes through a court-managed process called probate or estate administration where the assets of the deceased are managed and distributed. If your loved-one owned his/her/their assets through a well drafted and properly funded living trust, it is likely that no court-managed administration is...
What is a community property agreement?
Community property is a term used to identify a married couple's assets. However, when a couple gets married, all property does not automatically become community property. Spouses are still able to keep separate property. This can change if the married couple chooses to enter into a community property agreement.
Who is in your fiduciary lineup?
One of the biggest considerations when putting together your estate plan is who to select as part of your fiduciary lineup. Within an estate plan, there are a handful of roles, and each one serves a different purpose. This post highlights the various fiduciaries you might find within any given estate...
Does your 18 year old need a power of attorney?
In the eyes of the law, your children are adults as soon as they turn 18 years of age. However, the reality is that young adults often continue to need support from parents or guardians as they learn how to navigate the new world of adulthood. The Health Insurance Portability and...
Protecting your pets with estate planning
Have you considered what will become of your faithful companion – your beloved pet – upon your death or disability? If not, now is the time. If you don’t have a plan that quickly and easily provides for your pet’s food, shelter, and care, please keep reading.