People often use their estate plan to decide how their assets are distributed after they pass away. However, did you know that you can also include a document that would give someone the ability to care for you if you became ill or suffered a serious injury? A power...
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Estate Planning And Litigation
3 types of trusts worth considering
Are you drafting an estate plan? Have you considered adding a trust? A trust is a legal document that allows you to protect your assets from probate, disputes, estate taxes and debt collectors. When you draft a trust, you put your assets in the hands of a trustee...
3 solutions for keeping real estate out of probate court
Any property that belongs directly to one person becomes their estate after they die. The assets included in an estate must pass through probate court. Frequently, those assets are vulnerable during the probate process. Creditor claims, taxes and even Medicaid...
What is a breach of trust and what remedies are available?
When you place assets into a trust, you rely on the trustee to act in the interest of the beneficiaries. When they violate their responsibilities and a breach occurs, you might be looking into what legal avenues you can pursue. Breach of trust under California law A...
Learn how you can plan your estate as a business owner
Estate planning is essential for business owners who want to protect both their personal assets and their company. Without a clear plan, the future of a business can become uncertain, especially during unexpected life events. Planning ahead allows you to decide how...
How often should you update your estate plan?
Many adults think of estate plans as set-it-and-forget-it documents, but that's not the case. An estate plan reflects your wishes when it was made. Over time, those wishes may change. Because of this, it's critical to review your estate plan at least every five years....
Should your estate plan include a succession plan?
For many Vietnamese families, their business is more than just a source of income. It represents years of hard work and sacrifice. You likely want your business to be a legacy that supports future generations. However, unless your estate plan includes a succession...
3 reasons a well-drafted estate plan preserves family harmony
Kinship and harmony are values that Vietnamese families highly care about. With the legacy you worked hard to build in California, the last thing you want is for it to create division among your children. Estate planning is a proactive act of love that helps prevent...
Two types of guardians for your minor child
If you have a minor child, you need to appoint a guardian for them when estate planning. This appointment gives the guardian the power to take care of your child when you are unable to do so due to incapacitation or death. There are two types of guardians you can name...
Is it wise for Californians to draft digital wills?
In California, conversations about digital wills have become more common as technology increasingly impacts how people manage their lives. Yet, simply because the use of a certain resource seems easy and reasonable doesn’t mean that it is the best option when...
