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BENEFICIARY DESIGNATIONS: The LEAST EXPENSIVE Type of Estate Planning.
NOW, you might be too young, work too much, or just haven't had time to think about it, but there is something out there called "beneficiary designations" that you can use in lieu of a trust or will, and that will literally cost you nothing, other than half an hour of your time. Sound interesting? It should. Here's the breakdown: Beneficiary Designations go by many names: transfer on death (TOD), payable on death (POD), inheriting party, in trust for (ITF), etc. Whatev
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ESTATE PLANNING 101: What is it, and is it right for you?
The MAIN beneficiary of your Estate Plan, is your FAMILY. If you asked me 20-YEARS AGO about Estate Planning, I would have looked at you with a BLANK FACE. Fast-forward twenty-years, and I'm an estate planning attorney. Contrary to popular opinion, Estate Planning is not just a fancy word lawyers made up to add to their infinite lexicon of fancy words. Estate Planning is actually a functional word that embodies the process of controlling the what, when, and how your assets
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The California Spousal Property Petition: A shortcut to FULL BLOWN Probate.
PROBATE is long, costly, and sometimes, contentious. Further, and in certain circumstances, it cannot be avoided. But this article isn't about the horrors of probate, but instead, about the silver-lining that lives within the realm of probate, that most people are unaware of. The Spousal Property Petition: The spousal property petition is a legal process in California that allows surviving spouses or domestic partners to affirm or assume full ownership of certain property wit
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"Anyone but MOM!" The truth about Personal Guardianship.
Foreword: Listen! In no way am I saying MOMz is the anti-Christ. I mean, she's not even religious...kidding,...LOVE you MOM, but seriously, you might want to SKIP this blog. xoxo ALRIGHT, now that we have that out the way, let's dive into today's BLOG. PERSONAL GUARDIANSHIP: How it Works and WHY you should have one if you have MINOR children So WHAT is a Personal Guardian anyway? A personal guardian is essentially an angel from heaven that for reasons unknown cares for
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