Imagine working a lifetime to build your wealth. You spend countless hours working the Bay Area in order to create a strong stock portfolio, buy a house and accumulate various other assets. But, what happens to your wealth if something should happen to you or if you pass away? Have you taken the appropriate steps to protect your property and your heirs?
If you're a reflective and proactive person who once worked closely with an experienced attorney to craft a well-tailored estate plan, you might now reasonably pose this question to yourself: Have I ever taken a second look at my plan to ensure that it is still timely and responsive in all particulars?
The benefits of sound estate planning are many.
In reference to today's above blog headline, we're addressing the singer, not the city.
When it comes to thinking about their heirs, most planners across Alameda County and the Bay Area likely focus most of the time on matters relevant to asset transfer and inheritance. That is certainly understandable.
There is more to creating a trust than meets the eye. In addition to adding assets to the trust, there's something else you need to think about: finding the right person to serve as trustee.