Until recently, the word “cryptocurrency” was not part of the average person’s lexicon. Today, however, most people are familiar with the term and many people own and/or use cryptocurrency. Despite the name, cryptocurrency is not exactly a currency in the traditional sense of the word. It can sometimes be used as a currency, but it is not tangible like a dollar bill or a quarter. If you own cryptocurrency though, it should be addressed within your estate plan. Toward that end, a Los Angeles … [Read more...] about How Do I Include Cryptocurrency in My Estate Plan?
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What Makes a Will or Trust Invalid
Clients often worry about the execution of their plan after death. Sometimes, individuals fail to see their complicity in the destruction of their plan. Numerous ways exist to invalidate an Estate Plan. A qualified Estate Planning attorney takes safeguards to protect the plan. Read on to learn more. … [Read more...] about What Makes a Will or Trust Invalid
Collins Law Group Answers 5 Common Estate Planning Questions
For the average person, estate planning can appear somewhat intimidating given the fact that most of the terms and concepts are only used in the estate planning context. In fact, one of the most common reasons people give for not having an estate plan in place is that they don’t know where to start. The best way to g started with your estate plan, and to get specific questions answered, is to consult with an experienced estate planning attorney. In the meantime, however, a Los Angeles estate … [Read more...] about Collins Law Group Answers 5 Common Estate Planning Questions
Estate Planning for Same-Sex Couples
Estate planning for same-sex couples is the same now as it is for other married couples. It hasn't always been like this, so if you are a member of the LGBTQ community, you know about the struggle for equality. Fortunately, the struggle has finally started to produce tangible results as evidenced by the Supreme Court decision declaring the right to marry to be a fundamental right that cannot be infringed upon by state laws probiting same-sex marriage. Estate Planning for Same-Sex Couples … [Read more...] about Estate Planning for Same-Sex Couples
Death and Your Digital Footprint
As more and more individuals get comfortable in the digital world, Estate Planning has evolved to address the collection and transfer of digital assets. The widespread use of a legacy contact and password managers gives owners of digital content control in determining what happens to the digital information after they die. Read on to learn more. … [Read more...] about Death and Your Digital Footprint
What Are the Duties and Responsibilities of a Trustee?
When someone decides to create a trust, one of the most important decisions they must make is who to appoint as the Trustee. If you were recently notified that someone appointed you as the Trustee of their trust, and you have never before acted as a Trustee, you may feel a bit overwhelmed. As a Los Angeles trust administration attorney at Collins Law Firm explains, the key to performing your new role of Trustee well is to gain a complete understanding of trust administration and the duties and … [Read more...] about What Are the Duties and Responsibilities of a Trustee?
Tips for Parents with Minor Children
Every adult can benefit from having a comprehensive estate plan in place; however, for some adults estate planning takes on heightened importance. Parents with minor children, for example, have even more reason than the average person to have a well-thought-out estate plan in place for several reasons. If you are the parent of a minor child, it is in your best interest, and that of your child, to work closely with an experienced California estate planning attorney to ensure that your child(ren) … [Read more...] about Tips for Parents with Minor Children
What You Need to Know about Charitable Trusts
Is philanthropy part of your daily life? Are the charities to which you donate your time and money important to you? Do you wish to continue to contribute to those charities even after you are gone? If you answered “yes” to these questions, you should include charitable gifting in your estate plan. The Los Angles trust lawyers at Collins Law Group explain how to use a trust to make charitable gifts. Can’t I Just Make a Charitable Gift in My Will? The first question people ask when … [Read more...] about What You Need to Know about Charitable Trusts
Why Is Inheritance Planning Important?
Most people recognize the need to have an inheritance plan in place; however, too many fail to recognize when inheritance planning should start. In fact, many people are under the mistaken impression that you must achieve a certain level of material wealth before planning should start. To help clear up some of the common misconceptions about inheritance planning, a Baldwin Hills estate planning attorney explains why inheritance planning is important. What Is Inheritance … [Read more...] about Why Is Inheritance Planning Important?
Are There Expenses Involved in Administering a Trust?
A living trust is among the most common additions to an estate plan. A living trust can be used to help with a variety of estate planning goals, including probate avoidance, incapacity planning, and asset protection. If you are considering a living trust for your estate plan, you may be concerned about the cost of administering that trust once it is active. A Los Angeles trust attorney at Collins Law Firm explains typical costs involved in administering a trust. Trust Basics A … [Read more...] about Are There Expenses Involved in Administering a Trust?
