When a person dies without leaving a will, it’s said the person died ‘intestate.’ On the other hand, a person who left a will is said to have died ‘testate’. Most issues that arise from a grant of probate are related to wills. Some of these issues include not having a proper witness, forgetting to include some assets, having multiple wills, and appointing executors who are not willing to take up the role.
Read MoreEstate planning is one of the crucial aspects of financial planning. But, it is also one of the most commonly unaddressed issues. In LA, people generally spend their whole life collecting assets and investing in different properties so that the future of their kids stays secured. However, collecting assets is only one side of the coin. What about the scenario that might arise after you’re gone? It is obvious that you don’t want your kids to face any kind of trouble in your absence, especially when it comes to financial troubles. Therefore, you need to pay attention to the other side of the coin, i.e., estate planning.
Read MoreThere are two most important things to consider in later years of life: your retirement and saving plan, and the other one is your estate's future. Proper estate planning will help you pass on your properties and estates to your loved ones and ensure a smooth transition. As you start to plan your estate, you need to consider a revocable living trust. A revocable living trust is a document that shows how your assets and properties will be handled after you. The benefits of a Living Trust are many. Here we will discuss the most important ones.
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