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In many cases, those who have a significant amount of wealth have inherited all of that wealth – or, at least, a portion of it. Based on some estimates, roughly one out of every five millionaires inherited their wealth. Inherited vs. Self-Made Wealth There are...
It can be complicated to do your estate planning when you have a blended family. This gets even more complicated when you have also just gone through a divorce and you have to consider both biological children and stepchildren. Generally speaking, when you get...
Getting a divorce is an expensive and time-consuming process. You would likely prefer to avoid additional expenses and other legal matters for the foreseeable future after a recent divorce. However, your aversion to legal conversations might in a very vulnerable...
Choosing a person to be the executor of your will and the rest of your estate is one of the most important estate planning decisions you will make. However, too many people – particularly those who don’t have a spouse -- tend to choose one of their children, siblings...
As part of their compensation packages, some employees receive stock options. These are good opportunities to have solid investments that can benefit them during retirement. Some people are curious as to how they can use these stock options to benefit their loved...
Handwritten wills, also referred to as holographic wills, are still fairly common. In California, this type of will is valid, whether witnessed or not, provided the signature and the main components are in the handwriting of the person who created it, also known as...
A surprising number of celebrities pass away without an estate plan. Everybody needs to look into the benefits of estate planning to help smooth the way when they die. Determining who will inherit your assets and putting this down on paper will help make the transfer...
Congratulations on the new addition to your family! Like all grandparents, you want to do everything you can to provide support to your grandchild and set them up for future success. Including them in your estate plan is one way of doing that. You can make sure that...
Having an estate plan in place in the event of an untimely death can be an excellent method of protecting a personal business. You don't want to have worked for a lifetime only to lose a personal business that could be a family legacy and livelihood for generations to...
Some Californians think that a last will and testament will cover everything when the time comes to leave accumulated wealth to heirs. While a will is an integral part of estate planning, this document doesn't work well in some situations. Limitations of a will...