You just got the final draft of your estate plan. You’ve been thinking about this for a long time—how you want your estate distributed, who you want to take care of, who you want to benefit. As you scan the document, it includes your exact wishes for disposition of...
Estate planning. It’s such a noble phrase. It conjures up images of passing on to your loved ones a lifetime of hard work and success—leaving a legacy. But the road to distributing your estate is filled with potholes that may hijack your good intentions.
Pothole # 1. Probate Court.
If you...
The mention of estate planning usually evokes thoughts of a will or trust. But there are other documents that should always be part of any estate planning package, such as a living will, a durable power of attorney and a health care power of attorney. Planning for of...
It was called the Great Wealth Transfer, the World War II generation passing its wealth to their kids, the Baby Boomers. Well, it’s about to happen again. Cerulli Associates, a financial industry analysis company, estimates that during the next 25 years $68 trillion will be passed on to the...
The times they are a-changin’. It was true when Bob Dylan wrote those words more than 55 years ago, and it’s just as true today. The black-and-white analog world becomes a distant memory as we travel further into the digital portal. And just like Ozzy Osbourne, many of us...
Alhambra's Bob Williams looks at whether you should use a Will or Trust for your estate planning document.