Tehachapi's Online Community News & Entertainment Guide
Tehachapi's Online Community News & Entertainment Guide
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If you are reading this article, I am assuming you are at least thinking about an estate plan. So let's continue! What are the benefits of a Living Trust? A trust does not get filed with the court. A will does. Transferring your biggest assets into a trust makes it a whole lot easier for your heirs – I should say kids, to manage your assets upon your death. The person you name as the successor trustee can manage your assets if you become incapacitated. It can also be highly customized to fit y...
If you are reading this article, I am assuming you are at least thinking about an estate plan. So let's get started! As you can imagine it is important to figure out what you own and how you own it. In California, people who die without a plan will have their property distributed according to California intestacy law. That's a fancy way of saying how to distribute your property to the closest living relative. This requires a probate. So what kind of a plan? Wills and trusts both manage how your...
Did you know that more than half the people in the United States die without an estate plan? – not even a will! The daily life here in California and in Tehachapi can be all-consuming. From finding a job that allows you to live here, to driving kids to and from activities, taking care of aging parents...on and on. Finding the time to create an estate plan can be daunting. And what about the COVID-19 pandemic? Just goes to show you how unpredictable life can be. Life is short and certainly p...
