Estate Planning

If you are a parent, your primary motivation for creating an estate plan is to ensure that your estate passes to your children when you are gone. Exactly how your estate assets are distributed, however, can be the source of much internal debate. One question you may wrestle with is whether you should split your estate equally among your children. Many parents feel obligated to create an equal split in their estate plan, despite having reservations about whether that is really the best idea. … [Read more...] about Deciding How to Divide Your Estate Among Your Children

Estate planning can seem a little overwhelming to someone who is new to the concept. Knowing that the components that make up your estate plan will likely represent the most important set of legal documents you execute over the course of your life can be intimidating. Along with the need to make potentially life-altering decisions, you will also need to work with estate planning tools and strategies that are unfamiliar to you. Among the most basic of those tools is a Last Will and Testament and … [Read more...] about 5 Things You Need to Know about Wills and Trusts

Although a Last Will and Testament remains the most commonly used of all estate planning tools, a living trust is not far behind. If you are planning to incorporate a living trust into your estate plan, are you already have one, you should know some of the most important features and benefits of a living trust. You also need to know when the trust terminates. Toward that end, the living trust lawyers at Collins Law Firm explain how and when a living trust terminates in California. What Is a … [Read more...] about When Does My Trust End?