Will & Estate Planning Every state has statutes and laws to create a Will if someone passes away without creating a Will themselves. Those laws are called intestacy laws, and you can be said to have died “intestate” if you have no Will. There are misconceptions about what happens if you die without a Will.…
On October 12, 2019, Governor Gavin Newsom signed into law, California Senate Bill No. 323, which was sponsored by State Senator Robert Wieckowski. This Bill made many changes to the Davis-Stirling Common Interest Development Act (Davis-Stirling Act). The following is a summary of the changes. This summary is not meant to be relied on…
Depression It is easy to succumb to the dark clutches of depression at any stage of life. Life is full of surprises and twists, and not all of them have a positive effect on the psyche. However, once a senior is in the grasp of depression, it is often difficult to find release. More than…
Consider This Story Protecting Your Children’s Inheritance When You Are Divorced – Beth’s divorce from her husband was recently finalized. Her most valuable assets are her retirement plan at work and her life insurance policy. She updated the beneficiary designations on both to be her two minor children. She did not want her ex-husband to…
How Many Plans Do I Need? Most folks have at least heard of estate planning. But fewer realize that a simple will is not enough to prepare for your future. In fact, a combination of plans – financial, tax, legacy, and estate – are vital to your financial well-being and the protection of your assets…
Declare Your Family’s Independence While the rest of the nation celebrates its independence on July 4th, you can rest assured that you too can declare independence for your family — independence from court interference. Life can be unpredictable. Whether it is a financial issue, the birth or adoption of a child, sickness, or incapacity, it…
How to Leave Your Life Insurance and Retirement? Life Insurance and Retirement – Your children are your pride and joy. It is no surprise that at some point or another, every parent likely becomes concerned about who will care for a minor child or children if one or both parents die or are incapacitated. From…
Estate Plan for Your Family Business Owning your own business can be a great endeavor that takes a lot of passion and drive. Many small business owners focus on the day-to-day management and growth of the business, rather than thinking about a time when he or she may not be in the business. This is…
Not Married? You’re Not Alone – but You Still Need a Plan. Approximately half of America’s population over the age of 16 is unmarried. While much of the discussion involving estate planning focuses on married couples, this topic is just as important for a single person. Many times it is even more important than a…
Mistakes Baby Boomers are Making in Droves Baby boomers – the first generation tasked with the responsibility of planning for and funding their golden years. This generation, which includes those born between 1946 and 1964, has entered and continues to enter into retirement. As they make this financial transition into retirement, many are learning that…