By Sterling Counsel | Published February 15, 2021 | Posted in Estate Planning | Tagged Tags: guardian of the estate, guardian of the person, guardianship |
Why You Should Include Guardianships in Your Estate Plan
If you are a parent of young children, naming a guardian should be a vital part of your estate planning. A guardian is an adult who will take care of your children and their property if you cannot. As difficult as it may be to think of your children growing up without you, selecting a Read More
Read MoreAvoiding Common Mistakes in Estate Administration
When dealing with deep emotions in the aftermath of a loved one’s death, the last thing you want to think about is complex financial and legal concerns. However, if you were named the executor of someone’s estate, it means they trusted you to keep a level head while you oversee the management of their hard-earned Read More
Read MoreThe ABC’s of Asset Protection Planning
Asset protection is an often overlooked but potentially critical part of estate planning. When performed correctly, asset protection can safeguard your wealth from seizure by creditors and other potential claimants. It is sometimes used by elderly or infirm individuals to establish eligibility for state and federal government benefits. However, any asset protection plan must avoid Read More
Read MorePlanning for Long-Term Disability Through Advance Health Care Directives
Would your doctors and loved ones know what medical treatment you would want if an accident or illness left you incapacitated? If you haven’t written down your wishes or named someone to oversee your care, then you’re leaving these crucial issues to be decided by family members, doctors or even judges. The best way to Read More
Read MoreAvoiding Probate by Using Joint Accounts and Transfer-on-Death Accounts
If you are like most people, you want your loved ones to be able to wrap up your affairs after your death with as little drama and expense as possible. The key to making that happen is to keep as much of your property out of probate court as possible. One simple way to keep Read More
Read MoreChoosing Contingent Beneficiaries and Fiduciaries for Your Estate
Creating an estate plan requires you to think seriously about how you want your property handled when you’re gone. You choose your beneficiaries, how much should they receive and when. You also choose a fiduciary — a trustee, personal representative or other person who will manage your estate. But you will also need to specify Read More
Read MoreShould You Create a Trust if You Already Have a Will?
If you have taken the time to create a will, you are on the right path toward ensuring that your estate is handled as you desire after your death. However, you should not stop there. In California, it is highly recommended that you create a trust, a flexible tool that gives you greater control over Read More
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