Blog Archives
Special needs trusts are not just for wealthy families
A special needs trust or supplemental care trust can help families make sure their children are cared for both while they are alive and even after they are no longer there to look out of them. Although specifics vary from state to state, in general, it cannot be used to cover basic living...
Understanding power of attorney
In California, a legal platform that allows a person to act on an individual's behalf is called a power of attorney. This authority may cover one specific area, such as health care, or have a much broader scope. The person who assumes this position is referred to as the agent or attorney-in-fact...
Celebrity examples for those facing estate planning concerns
While successful celebrities may manage significant assets during their lives, they are just as prone to making bad decisions during the estate planning process as any other California resident. Understanding the implications of each type of estate plan is important, and it is wise to consider...
What are the responsibilities of an attorney-in-fact?
In California, it is possible for an attorney-in-fact to act on an individual's behalf pursuant to a durable power of attorney form. An attorney-in-fact is often relied upon to make health care decisions on behalf of the person who executed that form. The person designated as the attorney-in-fact...
Discussing estate planning
Many individuals might find it difficult to discuss the eventual division and distribution of their estate with their family. However, recent research has suggested that putting off the conversation about wills and trusts can be detrimental. A goal of California estate planning is to remove any...