Estate Planning Archives: Estate planning news, resources and more for consumers seeking information about estate planning, living trusts, wills, advance healthcare directives, financial powers of attorney, ways to avoid provide in California and other estate planning issues.
Estate Planning can seem complicated if you do not understand common words used in estate planning and the terminology found in estate planning documents.
Creating an estate plan with a trust or will will make sure your wishes are followed and your family is taken care of after your death. These estate planning tools can help protect your assets and limit your tax liabilities.
Understanding probate words and terms is not easy for non-legal professionals. Most forms are written in legalese in which some lawyers don’t even understand. This article will help you understand common probate words and terms. Keep it as a handy reference guide when you come across a probate word or term you have not seen before. [...]
On June 27, 2016, Governor Jerry Brown signed SB 833. The bill greatly reduces the scope of California’s Medi-Cal Estate Recovery against the estate of the deceased. Effective January 1, 2017, more Medi-Cal recipients can now leave an inheritance to their family without having to pay back the State upon their death. Basically, the new [...]
A medallion guarantee, also referred to as a medallion signature guarantee, is used when buying or selling physical stock and bond certificates. A medallion guarantee is used to prove that the stock or bond owner has the right to sign over his/her rights to the assets being sold. A medallion guarantee may also be used [...]
Contrary to popular belief, estate planning is not a complicated process. At A People’s Choice, we have successfully helped many California residents set up a trust, will, durable power of attorney, advanced healthcare directive, and other estate planning documentation. Proper estate planning can be helpful before and after one's death. For example, good estate planning [...]
The transfer of the real property is often a key concern in estate planning. Sometimes, however, two or more people may want to hold title to real property in a trust that controls how the property is to be distributed at death. This often happens when children inherit property from parents and want the property [...]
It is not uncommon for a person to forget to transfer assets into his/her trust. Contact A People’s Choice if you need help creating and funding a trust in California. Yes, it is important to create a living trust so your estate will avoid probate. However it is equally important to make sure your trust [...]
You have created your living trust and are getting your estate plans in order. The next step is making sure your living trust is properly funded with all of your assets. When you put a bank account into a trust, doing so will avoid having to administer the bank account in a probate proceeding. It [...]
As registered legal document assistants, we can prepare a variety of estate planning forms. Our office has helped thousands of California residents successfully create and execute proper estate planning documents to fit their needs. If you need help creating a trust, your will and last testament, or other estate planning documents, contact us for help. [...]