Living Trusts

What is a living will vs will? A living will and a last will and testament are two different legal documents that serve very distinct purposes. A living will is a document outlining an individual’s wishes regarding medical treatments and end-of-life care in the event they become unable to make decisions due to serious illness […]

This morning, a representative from the California Association of Realtors, also known as C.A.R., spoke at the Long Beach Broker Preview Meeting to educate us about a recent amendment that was made to California Assembly Bill AB 717.  The new amendment introduced by Carlos Villapudua in District 13 states the following: AB 717 (Villapudua) Revocable Living […]

Estate planning is a crucial aspect of preparing for the future, ensuring that your wishes are respected and your loved ones are taken care of. However, life can be unpredictable, and incapacitation can occur without warning.  In this blog, we will explore the steps you can take to avoid finding yourself incapacitated without an estate […]

For many parents, the thought of estate planning is intimidating. However, taking the time to create an estate plan is a critical step in securing the financial future of your family, especially if you have young children. This blog post will explore what estate planning is and why it’s so important for families with young […]

Secure Your Legacy: 5 Reasons Why Creating a Will or Living Trust is Essential Wondering “why do you need a trust?” or “why do you need a will?” Having a will is important so that the judge knows your wishes after you pass.  Having a living trust is important for all the reasons outlined below. […]

The ins and outs of California living trusts A living trust is an important estate planning tool for California residents. It allows you to manage your assets and property during your lifetime, as well as providing a way to pass on those assets after death with minimal probate costs. In essence, it serves the same […]

Avoid Probate:  Save your loved ones the cost, stress and delay of going through the legal process.   Step Up in Basis:  A Step up in basis means that your beneficiary’s will receive a readjustment of the value of an appreciated asset for tax purposes upon inheritance.  For instance if you purchased your property for […]