When you were asked to be the executor of a loved one’s estate, you knew that was a great honor – and you appreciated their trust in you. However, you may not have realized that being the executor of an estate is a very heavy responsibility, and it comes with its own...
Sacramento Estate Planning Blog
What does a financial power of attorney do?
There are several things that you have to think about when you’re creating your estate plan. While it’s easy to focus on the assets that you have to get to your loved ones, there are other aspects of estate planning that you need to think about. One of the important...
Should you review your estate plan with your family?
Estate planning is crucial to ensuring your assets are distributed according to your wishes after you pass away. It also allows you to make preparations in the event you become incapacitated. Your plan involved careful consideration, and now that it is in place, you...
Why you should have more than one power of attorney
Creating an estate plan involves more than deciding on the distribution of your assets and naming beneficiaries. It’s also about planning for the unexpected, such as becoming incapacitated and unable to make your wishes known. Naming a power of attorney (POA) allows...
What is a legacy letter?
Legacy letters are heartfelt messages that people leave behind for their loved ones, attached to their other important documents. Legacy letters are not essential to an estate plan, and they are not legally binding – but they can be powerful, nonetheless. Legacy...
3 preparatory steps to consider when estate planning
Many people fail to start estate planning because they find the prospect overwhelming. Dying without one in place could be problematic for those you leave behind, so you need to make a start as soon as possible. The following steps can help you get underway: 1. List...
4 tips for digital estate planning
Modern estate planning has undergone an enormous transformation with the proliferation of digital assets and online accounts. This shift necessitates careful consideration and planning for their management and distribution after one's passing. Without proper digital...
What are California’s requirements for a valid will?
Creating an estate plan is a vital task for adults. For those who live in California, writing out a will is one of the cornerstones of this plan. In order for it to be legally valid and enforceable, a will must meet the standards set by the state. There are a few...
Charitable trusts: An option to support favorite causes
Charitable trusts are an option for people who want to include their favorite charity or charities in their estate plan. While giving to those causes is the purpose of these, there are a couple of ways this can happen. Unlike private trusts, which are established to...
Who will inherit from my estate?
You’re planning on making a will. With the use of this legal document, you can instruct how your estate should be handled after you pass away. This document contains a list of your assets and an executor of the estate. Typically, the main focus of this document is to...