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January 2020 Archives

The average inheritance for the 1% is $4.8 million

When talking about the richest people in the world, it's common to hear them referred to as the "1%". This simply references the fact that they are in the top 1% in terms of wealth. You can be very, very wealthy and be in the top 5% or the top 10%, so this is just a way of sorting out those who have the most wealth. It's a class of its own.

Some key considerations re contesting a will

Probated wills in California sometimes result in interested parties – heirs, beneficiaries, loved ones, charitable foundations, close friends and more – being ecstatic with the outcome. That happy state of affairs generally means that expectations were realized or even exceeded. Sometimes, too, completely unexpected benefits materialize.

Estate planning often focuses on far more than just the kids

Any proven estate planning professional certainly appreciates that the kids, their offspring and even generations beyond that loom large in parents’ future-directed planning decisions. After all, estate planning strategies are centrally about transferring wealth to succeeding generations.

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