At the young age of 52, Perry suffered a serious stroke and was hospitalized under heavy sedation. After it was apparent that he would not recover, his family made the decision to remove life support five days later following a reported second stroke. He was surrounded by his children, fiancé, ex-wife, mother, and siblings, among…
Carol, drink eggnog, and discuss your preferred burial location. For many of you, the holidays may be one of the few times each year when the whole family is able to get together. It’s a good chance to catch up, make memories, and discuss some family house keeping. One of those agenda items might just…
Wills and trusts are two common estate planning tools. With both a will and a trust, you can ensure your family will be protected after your death by making sure they receive your hard earned assets. Each of these estate planning tools, however, have benefits and drawbacks. WILLS A will is a legal instrument that…
1: Not properly Funding Your Trust or Coordinating Your Assets with Your Trust For Example: Your house gets refinanced and not retitled to your trust and later triggers a probate action (probate is bad because it’s typically 5x the cost of a trust administration and can take 12 – 24 months on average and it…
California Estate Planning Laws In California, an estate exceeding a market value of $150,000 is subject to probate proceedings. For estates worth less, there is a simpler process. Since California property values are typically high, most residents have estates exceeding $150,000. Having an estate plan is helpful for avoiding most probate issues. Advantages And Disadvantages…