by jasonsbuckingham | Jun 14, 2022 | Estate Planning, FYI
Estate plans are intended to take a lot of the guess work out of what should happen if something unexpected comes up in the future. The information below describes some possible what-if scenarios, and how the estate plan documents often address those scenarios. What...
by jasonsbuckingham | May 25, 2022 | Estate Planning
This post is a follow up to my last post about the various estate plan documents and what they do. There is no one-size-fits-all approach to estate planning. People do not need a full-blown estate plan at all times. Why not? Because estate planning is all about...
by jasonsbuckingham | May 18, 2022 | Estate Planning, FYI
One of the most common questions about estate plans is: What’s the difference between a trust and a will? In California, the difference is big if you’re a homeowner. Basically, having a properly prepared and funded trust means avoiding Probate, while having just a...
by jasonsbuckingham | May 13, 2022 | FYI
Here’s a common scenario in making trust distributions: The trust estate contains cash (most commonly from a home sale), and some items of valuable personal property like a car. We have two or more “residual” beneficiaries who will receive equal...
by jasonsbuckingham | Apr 25, 2022 | Estate Planning, FYI
To borrow a phrase from Rod Serling, imagine if you will: You did the responsible thing by executing an estate plan to get your affairs in order. Your documents include incapacity documents — an Advance Health Care Directive for medical decisions, and a Durable Power...