Professional estate planning is a clear necessity for those with millions of dollars in assets. It reduces the tax burden on their estate, minimizes conflict and confusion among heirs, and helps ensure that the estate is distributed according to their wishes. But what about the rest of us? Most people don’t have estates worth millions, […]
Billions of dollars are being poured into cryptocurrency every year, an economic development that may have far-reaching implications. Many believe it is the dawn of a new era of decentralized finance, a world without banks or middlemen. Whether that’s true remains to be seen, but one of the more practical concerns for cryptocurrency is how […]
How is estate planning for unmarried couples different than if you’re married or even single? Here’s a look: Estate Planning For Unmarried Couples vs. Married Couples The significant difference is that marriage creates many legally recognized assumptions. For example, two assumptions are that your spouse will inherit your estate when you die and also make […]
Estate planning is one of the most common reasons for someone to require the services of an attorney. Virtually everyone has at least some assets, and those assets will need to be distributed after they pass away. Because this affects so many people, it’s helpful to know some of the top estate planning tips, such […]
How is your estate plan looking these days? If you created it years ago and have not kept it up to date, it might not match up with your wishes anymore. Our lives hardly ever remain static for an extended period of time, so it’s only natural that an estate plan would slowly—or sometimes rapidly—fall […]
Creating a trust or multiple trusts is an indispensable part of the estate planning process for many people. Trusts offer many advantages. They can reduce taxes, simplify the probate process, and give the grantor (the person who creates the trust) some amount of control over how their assets are used and managed even after they […]
Many people don’t have an estate plan in place. They may be young or believe they don’t have enough assets. Others recognize the need for one but try to do it all on their own. While we understand the impulse to avoid hiring an attorney, the benefits generally far outweigh the drawbacks and risks of […]
When it comes to estate planning, every case is as diverse and unique as the people involved. Luckily, modern estate planning offers a wide array of tools to accommodate virtually anybody’s goals. What is right for you will largely depend on the nature of your estate and those who you want to benefit from it. […]
There is no one-size-fits-all approach to estate planning. What works well for one person or family might be different for someone else, depending on factors such as the size of their estate, whether they have young children, etc. When deciding on an appropriate estate plan, one of the more common questions people have is about […]
Digital assets have grown massively in popularity in recent years. One need only look at the explosion of cryptocurrency and non-fungible token (NFT) trading to understand how much money is being invested in this area. With this growth has also come a new, and sometimes tricky, set of considerations for those trying to plan their […]
A Brief Glossary of Terms As part of wise financial planning, estate planning is something everyone should consider even for those who do not have a lot of assets. To help get you get started, here are some common terms you may encounter. Administration Court-supervised process wherein the executor or representative collects and distributes an […]
Losing a loved one is difficult enough, much less dealing with probate issues. If you are facing probate concerns or disputes, lean on the legal experts at Hoffman & Forde. Find out why we’re some of the best probate attorneys in San Diego in this post. What Is Probate? In short, probate is the legal […]
Estate Planning for Everyone Thinking about your last will and testament may seem morbid. But as the pandemic has shown us, families have reconsidered the importance of preparing for the worst. In the early stages of the pandemic, there was a surge of people rushing to draft their last will. As we have previously written, […]
When it comes to estate planning, you may have encountered the term probate. In this blog post, we define what probate is, when it’s required, and what’s involved. What is probate? Probate is a legal term and process to verify a deceased person’s last will and testament, if they created one. It involves the following: […]
Not Just for the Wealthy and Elderly The coronavirus has forced everyone, regardless of age, to reckon with their own mortality. We are seeing an uptick in non-senior citizens who are drawing up their last will and setting up trusts with an attorney. These individuals include parents of young kids, medical professionals in the frontlines, […]