Many people put off estate planning for as long as possible, but the unintended consequences of this frequently have negative outcomes. ideally, the estate planning process should begin at a relatively young age, particularly if you have children, substantial assets...
Estate Planning
Knowing when one is competent to create a will
Whenever disputes arise over the disposition of an estate in Woodland Hills, one of the more common accusations thrown around by those challenging the validity of estate planning documents is that the decedent was not of a sound mind when he or she created them. When...
Understanding your estate planning options
Estate planning can be important no matter what your age and asset level. Most people begin to plan their estate when they are older and have more assets to consider, but younger people with less in the way of financial solvency can also benefit from planning for...
New estate protection bill inspired by the late artist Prince
Woodland Hills residents have likely heard for years how important it is from them to not put off their estate planning. The risk one assumes by not having any certified documentation outlining his or her final wishes is that a veritable ‘open season’ may ensue among...
Business succession is a big part of estate planning
If you own and operate a business, it's vital that you have proper estate planning. That can protect the continuity of your business, and help ensure that it is passed down to the people you intended to operate it. Here are three of the most important things to...
When are you deemed unable to make your own decisions?
An important part of estate planning in Woodland Hills is making decisions surrounding your end-of-life care. Accidents, disease, or the effects of advancing age could place you in the position of being unable to make rational decisions regarding your own care. At...
Approaching retirement? An important estate planning tip to remember
You have worked your entire life and are looking forward to finally spending some time relaxing. Perhaps you are planning on taking a long vacation with your spouse, or maybe simply going to visit your grandkids. Whatever you decide to do, you are happy, healthy and...
Three tips to keep the peace during estate planning
For most of the world, the concept of family is as complex as it is comforting. Connected by lineage rather than some other frivolous method of selection, our families are important to us because they are typically the ones who care for us when we are sick, and the...
Dealing with trustee vacancies
For those Woodland Hills residents who want to retain as much control as they can over the administration of their estates, it is often recommended that they take the steps necessary during planning to avoid the probate process. One way to do this is to place one's...
I am single and in my 20s. Do I need an estate plan?
Many people are waiting longer before having children or getting married. These individuals have started careers in their chosen professions and have started building retirement accounts. They may have purchased a home and are well on their way toward realizing some...