Responsibilities of Personal Representative
A personal representative, or an executor, refers to an appointed individual charged with the responsibility of managing the person’s estate. This represents a huge responsibility for the executor, even for seemingly modest estates. As the personal representative, they will be required to take care of the details of finalizing the estate after you have died. […]
Choosing an Executor for your Estate
When it comes to choosing an executor for your estate plan, it may be simple to pick someone from amongst your family members and friends for the task. Broadly speaking, any of those individuals could be capable of doing the job. But because the task of executing an estate plan can present a variety of […]
Second Marriages and Estate Planning
Second marriages are very common and they are one of the most important reasons to have your estate plan updated or in some cases, created. You want your estate plan to reflect what is important to you and that usually includes providing for your second spouse, stepchildren perhaps, and certainly updating power of attorney and […]
Reasons to Update My Estate Plan
For many people, the idea of creating an estate plan may be a “one and done” situation: they create the plan, then they put it aside and think no more about the subject. But there are reasons to update an estate plan you may want to consider. Life brings changes, and because those changes can […]
Estate Planning for Unmarried Couples
Estate planning tends to be something most people associate with married couples. But unmarried committed couples are very common in today’s society. There may be reasons a couple chooses not to marry but still want to insure their beloved is provided for. Estate planning for unmarried couples is just as important therefore as for married […]
Estate Planning After Divorce
Life changes and so should estate plans. A divorce creates a substantial life change for both individuals. After the final judgement of divorce has been issued, it’s also important to consider new estate planning after divorce. Normally couples have designated their spouse as beneficiary but after the divorce, this usually no longer make sense. New […]
What is the Power of Attorney?
Simply put, the power of attorney is a document you would create which grants an individual you designate the power to act with authority on your behalf. It is a common part of a well designed estate plan. Also referred to as an “agent,” that individual that you have designated with the power of attorney […]
Probate Attorney in Carlsbad
When searching for a probate attorney in Carlsbad, California, it’s important to work with someone who understands the state’s probate process, the essential items for every individual estate plan, and the best way to ensure your assets legally pass through the probate process and get to the intended beneficiaries. The California Probate Process When a […]
What Every Estate Plan Should Have
While every estate plan can be tailored to meet the specific needs and wishes of one person, some universal factors should be included in every estate plan. It may help to think of an estate plan like a personal motor vehicle: regardless of the make, model, and year of the vehicle in question, all of […]
What Types of Trusts Are There?
When it comes to estate planning, trusts present a variety of options to help individuals manage their assets and funds for the beneficiaries. There are various types of trusts with a revocable trust being the most common. Trusts are used to avoid assets from the probate process thereby ensuring the named beneficiaries receive those […]
