Estate planning is a powerful means to protect your wealth as it transfers to future generations. It involves not only common assets, such as bank accounts, real estate, and vehicles, but also more specialized assets like intellectual property assets.
More specifically, copyrights are extremely valuable and deserve special attention...
Leaving all your assets to your spouse seems like the easiest and best decision; you want them to remain financially stable after you’ve passed, and you trust that they will make sound decisions. If you have children, you may assume that your spouse will pass on an inheritance to them, as you...
Estate planning is one of the most important processes you will ever work through; you are essentially deciding what happens to your hard-earned assets and those that have been given to you, but even more than that, you may also be deciding how to provide for loved ones upon your passing.
Orange County, California, is home to the nation’s third-largest Asian population, with nearly 600,000 Asian Americans living in the area. With that said, the county’s estate planning attorneys are learning that the needs of people who maintain traditional Eastern values are different than those with traditional Western values.
Western...
A child’s 18th birthday is an exciting occasion for both themselves and their parents. In the U.S., most children are given adult status at 18, meaning they become legally responsible and thus able to make their own choices without parental permission.
For a special-needs child, turning 18 is even...
If you intend to wait until your golden years to get the ball rolling on the estate planning process, you may already be missing out on an opportunity to protect yourself and your loved ones.
Estate planning has value for people of all ages, and fortunately, more younger adults...
As parents get older, they face several challenges, including declining health. You not only have to deal with the emotional aspects of these changes but also the additional struggles that come with it, like planning for the future.
Dementia is one of the hardest health issues to deal with,...
There is a common misconception that an estate plan equals a will, and that’s it. In reality, a comprehensive estate plan can involve several different types of documents, depending on your wants and needs.
While a will is a crucial part of any estate plan, it isn’t the...
Take away the glitz and glamor of Hollywood, and celebrities are not unlike you. However, there are very few things that set celebrities apart from others, including the size of their estates. Celebrities often have much to protect, which is why estate planning is critical.
Many celebrities don’t take...
If your spouse has passed away, not only are you experiencing the emotional loss of your loved one, but you may also feel confused and uneasy concerning probate. Is probate still required if the decedent had a surviving spouse? What is a spouse entitled to?
It all depends...
