Modern Estate Planning Blog

While many people focus on getting out of debt or getting organized for the New Year, estate planning is an equally important personal finance goal that should make every adult’s to-do list.

As a Sacramento probate attorney, I know that the ability to choose and document your desired beneficiaries is a major benefit of doing an estate plan. It often gives people great peace of mind and comfort knowing their assets will be handled in a way they want upon their death.

Finally, some clarity! To the relief of many estate planners, financial planners and concerned citizens across the United States, the controversial tax compromise has successfully passed through Congress and is now headed to the President’s desk to be signed into law.

Family dynamics change; babies are born, people divorce and remarry, aging and health-related issues start to surface, family relationships mend…wouldn’t you want to be sure that your estate plan reflects these changes?

You may be surprised to hear this, but the greatest gift you can give to your family this holiday season can’t be purchased in department stores and certainly won’t fit under the tree. Yet I can assure you that this “ultimate gift” is one of enormous value that will last your family for generations.

As a Gold River trusts lawyer, my practice focuses primarily on helping everyday folks with their planning. These are generally professionals employed by others such as teachers, state employees, lawyers, sales reps, small business owners, etc. who are college educated, but in most cases have not amassed great wealth.

As a Sacramento Trusts and Estates Lawyer, I believe the holidays are the perfect time to make sure your will, trust or other estate planning documents are updated so your family stays protected should something unexpectedly happen to you.

For Sacramento area residents seeking to avoid probate on certain assets such as their stocks, bonds and other assets in brokerage accounts, Transfer on Death Agreements (TOD’s) can be a very useful and convenient estate planning tool.

The first week of December has been designated Older Driver Awareness Week. Gold River Elder Law Attorney Heather Chubb urges the community to include future transportation needs in their long-term care planning.

It’s officially December, which means the “snowbirds” are starting to take flight! As an elder attorney in Sacramento, I am all too familiar with this term! However, if you aren’t familiar with snowbirds, they are essentially people who take flight every winter in favor of a warmer climate.

Regardless of who you fellowship with this time of year, the holidays are an excellent time to pay close attention to aging relatives and note any changes that may indicate the need for increased care. This is especially important for people who have aging relatives that live alone or do not have a solid family support system at their disposal.

You’ve decided to file for divorce. You’ve spent countless hours researching online, you’ve done your homework about the proceedings and you’ve even narrowed down an attorney you’d like to work with. All bases covered, right?

As a wills lawyer in Sacramento, I’m often asked by well meaning people whether they really need a will if all of their property (house, cars, etc) is jointly owned in the state of California. From an estate planning perspective, this is a great question and my straightforward answer to it is yes and no.

For many people, Sacramento County Probate is extremely confusing. Not only is it confusing, but it’s time consuming, eerily public and a very costly way to have to sort through your loved ones affairs when they are gone.

I often meet with couples who assume that because they’ve lived together for a certain number of years, they will automatically receive their partner’s assets or other inheritance should one of them unexpectedly pass away. Unfortunately, this is not the case.

Being a caregiver is a huge responsibility. There are a lot of emotional headaches, financial burdens and pressures that naturally accompany the job. Anyone who takes on this role, whether it relates to caring for their aging parents or someone else in need, has my utmost admiration and respect.

What if I told you the solution is to skip the malls when looking for a holiday gift for your grandkids? What if I told you that you should give them a family limited partnership instead?

As an Sacramento probate attorney, I meet with a number of young families each month who realize they need a will or guardianship nominations to protect their children if something happens to them, but they are have no additional means (or a significant inheritance) that will financially provide for their children in their absence.

I am all too familiar with the following scenario–mom or dad can no longer take care of themselves and the family needs to bring in some form of additional care. Perhaps that’s care from a nursing home, or some help around the house a few days a week, but regardless of services, the family will often require some form of assistance to afford the costs.

As a Sacramento special needs lawyer, I realize disabled and special needs children have unique planning needs. Unfortunately, there are many misconceptions when it comes to securing the financial future your child deserves.