Year: 2026
Why estate planning isn’t just for the wealthy
When people first hear the term “estate planning,” they may imagine it as something reserved for the wealthy trying to figure out sprawling family estates. In reality, it’s a practical step that can benefit almost anyone who wants to protect their loved ones and their...
What is a residuary estate?
An estate consists of all of the property owned by an individual who has died. After a person's passing, control of their property transfers to their estate. It is then under the management of the personal representative appointed by the probate courts or named in...
Does a Totten trust have to go through probate?
There are many types of trusts that can be used in an estate plan. Examples include special needs trusts, spendthrift trusts and discretionary trusts. Often, funds will be set aside for a specific beneficiary, but a trustee will be assigned to authorize distributions...
What does a diagnosis mean for your estate plan?
If you receive a significant medical diagnosis, your first step is likely to work with your medical team to consider different care options and your prognosis for recovery. But it can also have an impact on your estate plan. It is wise to consider some of the ways...
Can California businesses still use restrictive covenants?
Restrictive covenants can serve as powerful additions to modern contracts. Instead of imposing obligations on either party, restrictive covenants instead aim to prevent certain types of conduct. Noncompete agreements are popular among employers when hiring workers who...