Trusts are great estate planning tools meant to protect your legacy for your family. However, not all trusts operate the same way, just as there are different types of trusts for different types of beneficiaries. Let our Sacramento trust attorneys explain some of the important considerations regarding trusts for children. Trusts for Children: The Basics [ ] The post Sacramento Trust Attorneys Discuss Trusts for Children appeared first on Northern California Center for Estate Planning and Elder Law.
There may be a certain appeal to establishing joint ownership in property, primarily because it allows the other person to automatically inherit that property without the need for probate. For that reason, seniors often create bank accounts naming spouses or family members as joint owners, or add a relatives name to real estate. But there [ ] The post Elder Law Attorneys Warn of the Pitfalls of Joint Ownership appeared first on Northern California Center for Estate Planning and Elder Law.
One of the major concerns most people have in nursing home planning is how to protect their assets from being completely exhausted by nursing home expenses. Although a trust can be a great strategy, not every type of trust provides the asset protection you need. If you engage in proper nursing home planning, including the [ ] The post How Elder Law Attorneys Can Help With Your Nursing Home Planning appeared first on Northern California Center for Estate Planning and Elder Law.
The basic purpose of estate planning is to prepare for the possibility of incapacity and for death. Your estate plan can include various types of estate planning tools, including trusts and wills. The variety of estate planning strategies that are available allows you to customize a comprehensive estate plan to fit your needs. This article [ ] The post What Experienced Estate Planning Attorneys Know About Trusts and Wills appeared first on Northern California Center for Estate Planning and Elder Law.
When a parent passes away, the family is usually at a loss as to how to handle their loved one’s estate. Our law firm can provide a comprehensive guide on what needs to be done when a parent dies. It is always good advice to consult with an experienced and qualified probate attorney to make sure [ ] The post When a Parent Dies Sacramento Probate Attorneys Can Help appeared first on Northern California Center for Estate Planning and Elder Law.
The important role of a trustee is crucial to the successful administration of a trust. A trustee is “trusted” individual who is responsible for making sure the provisions of the trust agreement are followed. Trustees are basically responsible for management of the trust property, including maintaining accurate records of every transaction taken that relates to [ ] The post Trust Administration Attorneys Can Handle Administration Issues appeared first on Northern California Center for Estate Planning and Elder Law.
When a loved one suffers a mental impairment, it is only a matter of time before they need help taking care of their own personal and financial affairs. Some of the common signs of diminished capacity include disorientation and memory loss. If you begin to see these signs, it may be time to consider taking [ ] The post Elder Law Attorneys Handle Difficult Elder Law Issues appeared first on Northern California Center for Estate Planning and Elder Law.