By Andrew Gilliland | Published October 20, 2020 | Posted in Uncategorized |
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⟩ The Pros and Cons of Probate
In estate planning circles, the word “probate” often comes with a starkly negative connotation. Indeed, for many people — especially those with larger estates — financial planners recommend trying to keep property out of probate whenever possible. That being said, the probate system was ultimately established to protect the property of the deceased and his/her Read More
Read More5 Things to Talk About Estate Planning with Your Family
Do you want to pass on your wisdom along with your money through your estate plan? Accomplishing both requires a family meeting to have a conversation about your money, your legacy, and your core principles. Most families have very busy lives and the only time they see one another face-to-face is around the dinner table Read More
Read MoreWhich life events that require an immediate estate plan update?
Estate planning is the process of developing a strategy for the care and management of your estate if you become incapacitated or upon your death. One commonly known purpose of estate planning is to minimize taxes and costs, including taxes imposed on gifts, estates, generation skipping transfer and probate court costs. However, your plan must Read More
Read MoreThe Lifetime QTIP Trust: Maintaining Control and Providing for Your New Spouse
Estate planning for couples in a second or later marriage who have disproportionate estates can be tricky. One solution for allowing the well-to-do spouse to maintain control of their assets but keep their other half happy is the Lifetime QTIP Trust. The Basics of Creating a Lifetime QTIP Trust In the estate planning world a Read More
Read More3 Tips For Every New Homeowner
Congratulations on the purchase of your new home! The purchasing of a home is a big event in your life. A growing family or promotion may have led you to upgrade your home whereas family moving out and growing up may have led you to downsize your home. If this is your first new home Read More
Read MoreDoes the Law Provide That Everything Goes to My Spouse and Kids?
Yes, when someone dies without a will they die “intestate”. Each state has its own set of laws dealing with “intestate” succession. The following chart in outlines the California Probate Code If when you die you have: Who gets what: children but no spouse children inherit everything spouse but no children, parents, siblings, or Read More
Read MoreEstate Planning Services for Blended Families
With blended families essentially being the norm, your estate planning strategy must be as adaptable as possible in order to serve you better. Estate Planning Services for Blended Families The “regular” rules of estate planning don’t work well for many blended families and you need advice tailored to your unique situation to obtain the best Read More
Read MoreEstate Planning for Blended Families
Today, blended families have outpaced the traditional nuclear family by quite a margin. There are many estate planning strategies developed to help blended families. Catering estate planning strategies to meet the needs of blended families Being a spouse in a blended family is very common. Even if you aren’t in that situation personally, your children Read More
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