by jasonsbuckingham | Mar 25, 2022 | Estate Planning, FYI
People often believe that they must change the name on their bank accounts as part of establishing their living trust. However, “changing” the owner of a personal bank account actually means closing the account and opening a new one in the new owner’s name. If you...
by jasonsbuckingham | Mar 24, 2022 | Estate Planning, FYI
Even with a trust, people are often confused about what they may need to do regarding their real estate. Apart from ensuring that the real estate you own is deeded into your trust, there are some common, recurring issues that can arise with real property. Refinancing...
by jasonsbuckingham | Mar 23, 2022 | Estate Planning, FYI
If you have already established a living trust to avoid probate, congratulations! This post is about the short list of things you should do after you sign your living trust. Property Insurance — Contact your insurance agent to get a Trust Endorsement added to your...
by jasonsbuckingham | Mar 22, 2022 | Estate Planning
When we talk about “avoiding probate,” it can seem rather abstract to those people who have not experienced the probate court process. Instead of boring you with an overview of the probate court process, here is a tale of two families — one of whom had no...
by jasonsbuckingham | Mar 21, 2022 | Estate Planning, FYI
One of the many advantages of using a trust (rather than just a will) for your estate plan is that, if an original trust cannot be located, then (subject to a limited exception) a copy of the trust may be used in its place under the Evidence Code, which often allows...
by jasonsbuckingham | Mar 18, 2022 | Estate Planning, FYI
One of the big reasons that many people never get their affairs in order is because they (mistakenly) believe that the process will take forever, and involve gathering their entire financial life. And to be fair, traditionally, estate planning lawyers would give...
by jasonsbuckingham | Mar 17, 2022 | Estate Planning, FYI
I tell all of my clients that they can keep their estate plan documents at home, in a locked safe. Sometimes, a client will ask: “Really? Not in a safety deposit box at the bank?” Here is why it is important to keep your original estate plan documents in a...
by jasonsbuckingham | Mar 16, 2022 | Estate Planning
Who you choose to be in charge of your affairs in case of incapacity or death is obviously an important decision with far reaching consequences. Here is a list of qualities to keep in mind when deciding who to leave in charge of your affairs: Honesty — this quality...
by jasonsbuckingham | Mar 15, 2022 | Estate Planning, FYI
Everyone understands that death and taxes are unavoidable. Often, clients ask me about the tax issues that may apply to their loved ones who inherit assets. Here is a very summarized overview. There are four main kinds of taxes that often come up when someone...
by jasonsbuckingham | Mar 15, 2022 | FYI
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