A recent Forbes article on estate administration notes that sound and timely planning is a smart strategy for a person "no matter what his or her level of worth."
There's an irony central to family life that is highlighted in the parent/child dynamic. And it is underscored in the role reversal that often takes place among family members.
A recent New York Times article addresses a distinct American phenomenon that has material implications for legions of estate planners in California and all across the country.
Trustees are central and authoritative figures regarding trust accounts, commanding a number of powers while they exercise close oversight and control over a trust's administration.
Investment News editor and financial planner Mary Beth Franklin ended up with a key take away from her husband's recent 65th birthday that she didn't remotely suspect would materialize amidst the festivities.
In a recent article published for Rolling Stone magazine, actress Billie Lourd revealed that she always lived in her mother’s and grandmother’s shadows. For the unititiated, Lourd’s famous mother and grandmother are Carrie Fisher and Debbie Reynolds, respectively.
We stressed in our immediately preceding blog post the logical need for individuals and families in California and across the country to periodically revisit the estate plans they carefully crafted in the past. We noted in our July 27 entry that the financial strategies and detailed expectations inherent in given estate administration documents and tools need to be adjusted sometimes "when the world around us changes."
Estate plans are not static. Everyone wishes that they were -- that we could just create them and forget about them, and that the plans themselves would adapt to life changes and legal changes over time. But that Utopian world doesn't exist. We have to change our estate plans, and often, when the world around us changes.
Many articles and commentaries on so-called "elder law" estate planning stress its utility in guarding against skyrocketing nursing care costs, especially in residential homes.
Any reasonable California resident is likely going to feel an uptick of peace and relief in the immediate wake of working with a proven estate planning attorney and implementing a well-tailored strategy for protecting loved ones and addressing future contingencies.