Understanding Trust Funds Do you know what a Trust Fund is? If not, you are not alone. Many think of a Trust Fund as a tool accessible only for the rich. It serves as a complex financial tool to protect their wealth. Yes, Trust Funds can be useful for wealth preservation, but the truth is, … Continued
Estate Planning is an Essential Do you often hear the term “estate plan” in conversations with friends, colleagues, or family members? Estate planning is a crucial topic, especially as we age. It offers a comprehensive strategy to safeguard your finances and health, providing peace of mind. Regardless of your age, creating an estate plan early … Continued
Probate Process Did you know that the probate process varies depending on the type of estate? Small estates have a separate probate process that is often overlooked, but many estates actually qualify for it. Qualifications In California, certain criteria determine whether an estate qualifies for the small estate probate process. The first requirement is … Continued
What is DIY? Do-it-yourself (DIY) has become a popular trend for those who have the time to learn and apply skills for a variety of projects, including making an estate plan. This is possible because the internet makes learning materials available to anyone who needs them. But, when choosing to DIY for your own … Continued
Who Needs Long-Term Care? Long-term care involve services designed to helps an individual’s medical and non-medical needs. This may involve disability, illness, or day-to-day care for themselves. These services help them carry out their daily tasks on their own as independently and safely as possible. Types of Long-Term Care Providers Entering into … Continued
What is a Special Needs Trust A Special Needs Trust (SNT) maintains the finances of a disabled individual who may need help managing them . Also, SNT allows the individual to continue to receive government benefits such as SSI and Medicaid/Medi-Cal. Creating a Special Needs Trust has many benefits but you must be aware of the … Continued
Why Do Rich People Have Estate Plans? When you hear the term estate plan or Trust, what is the first thing that comes to mind? For some of us, the first thought may involve very wealthy people. Their “Trust Funds”, overseas bank accounts, commercial property, etc. Estate planning is also very effective for everyone’s … Continued
Pets are Family Do you have a pet that you consider as part of your family? You may have a dog, cat, bird, reptile, or any other animal that provides you with unconditional love and companionship. Pets have always been an important component for the lives of many people, and in some cases, pets are … Continued
Why Have Rental Property? Renting out property is an excellent way to generate income while your property’s value appreciates. In fact, each year more and more people are purchasing property with the intent to rent it out. As with any investment, there are some risks to be aware of. These risks are very important to … Continued
In With The New! As we near the end of Pride Month 2021, we want to draw attention to the evolution of the “nuclear families.” This new dynamics allow for families to come in all shapes, sizes, and colors. The American Dream has establishing nuclear families to buy a house, get married to … Continued