Now that your children are adults, you might expect that they would be able to handle dividing up your things and taking care of your final arrangements without a lot of conflict. This might not be the case, even if your adult children get along. Money and assets are...
A writer and advocate for the elderly notes what he describes as a stark dichotomy regarding the financial outlays made by legions of families across the United States for different purposes.Those dual purposes: child-rearing up to the age of 17 and providing care for...
Seminars in California locales and elsewhere in the United States occasionally pop up to address centenarians and estate planning.We reference the impressive "100" number in today's post headline. In doing so, we implicitly acknowledge the number of ever growing...
You've created a life for yourself, over the years you've purchased property, collected personal possessions and hopefully been able to save some money. But what happens to everything you've worked for once you're gone? Controversy can spark after a loved one passes...
A commentator in a news article from earlier this week discussing the convoluted estate of pop legend Prince -- it's probably unobjectionable to anyone to simply call the Purple One's estate a mess -- notes that there are essentially three entities involved in many...
When it comes to effective estate planning, should the bottom line be predominantly focused on maximizing or minimizing?Many readers of our blog likely know that the answer to that query is going to be anything but absolute, given all the ifs, buts and maybes...
A power of attorney is a legal document that authorizes someone to act on your behalf, and it's considered an essential tool of modern estate planning.The intention behind a POA is to give someone the ability to take over handling your affairs when you are unable to...
Some California readers of our estate planning and litigation blog (with occasional entries addressing offshore-related accounts and taxpayer/IRS interactions) might reasonably conjure up the oft-referenced image of an ostrich with its head buried in the sand when...
When the legendary California rapper Tupac Shakur met his ultimate fate in a hail of bullets in 1996, his lucrative estate passed into the hands of his mother, Afeni Shakur. When Ms. Shakur passed away in California in May 2016, her death raised questions regarding...
Readers who regularly troll financial sites for data and information likely see the occasional reminder from syndicated pundits to review their holdings.More specifically, people who pay close attention to things like stocks and bonds sometimes advise investors to...