Years ago estate planning consisted of creating a will and maybe a trust to protect your child’s inheritance. Today, however, estate planning has become far more complicated, with even the simplest plan containing several different elements. It’s always a good idea to take the time every year to review your estate plan and consider what, if anything, you should add. Digital Estate Planning As computers and the Internet become more and more enmeshed in our day-to-day lives, many people find … [Read more...] about New Year is a Chance to Look at Changing Face of Estate Planning
The new year is often the a time to reflect on the role family and friends play in your life, and to resolve to strengthen those relationships in the coming year. For pet owners, the relationship you have with your furry friend is often just as important as those you have with the people closest to you. That’s why the new year is also a good time to create a tool that will protect your pet should something happen to you. In California you can create a trust that is specifically designed to … [Read more...] about Start The Year With a Pet Plan
Trusts have become a very useful tool in the estate planning field; in fact, you may be considering one yourself. If you are considering establishing a trust, you should be aware of the different types that exist. Revocable inter vivos trust This is the most flexible of all the trusts. The usual setup for this type of trust involves the trustor (i.e., trust’s creator) transferring legal title to property to the trustee (i.e., person entrusted with looking after the property). The catch is that … [Read more...] about Four Different Types of Trusts
What is a pet trust and how does it work? A pet trust lets pet owners provide a way to care for their pets after the owner dies. Pet trusts, like other trusts, are created when the pet owner transfers property to the trust to own. The pet owner must also select someone to run the trust, called a trustee, and decide how the funds should be used. Who cares for my pet? That is up to you. Many people direct that the trustee is there to pay for the pet's expenses while not actually providing the … [Read more...] about 4 Questions About California Pet Trusts
Do you know what your pets do when you are not around? If your dog or cat creates a mess when you are not at home, then of course you know about that. But, what about at other times? Pets have a life of their own and they exist when you are not around. That means that they will continue to exist after you pass away. Just like they still need food and water when you are not around now, your pets will need food and water when you pass away. You can provide for your pets after you pass away by … [Read more...] about Does Fido or Boots Need a Trust?
When it comes to protecting your beloved pets, no one does it better than you. You love them... You feed them... You make sure they have everything they need to live a happy, healthy life. But what would happen if you were no longer around? Who would care for your pet? Would your friends and family know what foods to feed or what medications to give? How can you ensure that your pet continues to receive the love and care they need? What a Pet Trust Can Do A Pet Trust is a powerful legal … [Read more...] about Planning Should Include Your Pets
People often overlook important estate planning considerations. After taking an inventory of all your assets and readying them for distribution to your loved ones, it would be easy to overlook something that is not normally thought of as an asset, the family pet. This is one of the reasons why it is a good idea to engage the services of an experienced and qualified estate planning attorney. You only have one estate to plan, but an experienced estate planning lawyer prepares many estate plans … [Read more...] about Don't Forget Fido and Boots in Your Estate Plan: Pet Planning
It’s not unusual to hear stories of military or law enforcement partners forming a lifelong bond. This story is a little different than those you normally hear though because in this case the military member’s partner was her service dog. Former Marine Cpl. Megan Leavey, 28, and her military service dog named Sgt. Rex -- completed over 100 missions together during two six-month tours in Iraq. When Leavey returned home in 2007, she simply couldn’t imagine being separated from Rex. Adopting a … [Read more...] about Former Marine Fights for Her Partner — A German Shepherd Named Rex