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February 2018 Archives

Talking to loved ones about your estate plan

Our law firm recognizes that estate plans can be challenging for a multitude of reasons. In fact, simply deciding which type of estate plan is best, such as a will or a trust, can be difficult. However, there are far more emotional and stressful issues you may be facing. For example, you could be unsure of how to divide your estate among your loved ones after you pass away. Or, you could be worried that your decisions will create a rift in the family or leave some beneficiaries very upset. With that said, it is important to make sure that your estate is distributed according to your wishes.

Protect your heirs with a spendthrift trust

People in California who have a large estate need to think about what may happen to their wealth upon death. Even though you may have named beneficiaries, you need to ask whether they are responsible individuals. Too many times, those who receive a lot of money from a trust do not know how to spend it wisely, and it can disappear very quickly. If this may be the case in your situation, consider setting up a spendthrift trust to protect your heirs and your wealth.

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