Have you ever heard of a 529 savings plan? If so, you probably heard that it can be a great way to save for a child’s or a grandchild’s educational expenses. The name for this tax-advantaged investment vehicle comes from the Internal Revenue Code section that authorizes them. 529 savings plan provides a way for…
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How to Choose an Estate Planning Attorney Near You
Estate planning is an important step in protecting your future and that of your loved ones. The legal tools you can put in place with a comprehensive estate plan can do so much more than help secure the distribution you want for your assets after you pass away, which is very important in and of…
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What Is an ABLE Account?
Do you have a loved one with special needs? If so, you may be worried about how to provide for them. You see, leaving or giving money to a person with special needs can be complicated. This is mainly due to the fact that many special needs individuals rely on the continued receipt of government…
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Legal Grounds for Contesting a Will
After the passing of a loved one, there may be people that are surprised, disheartened, or outright angry about the contents of his or her will. Please know that a will cannot be challenged or contested solely on the grounds that a person does not like or agree with its terms. Emotions can run high…
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What Is a Special Needs Trust?
Every family has unique estate planning needs because every family is different. Families come with different structures, different dynamics, and different needs for each member. Do you have a family member with special needs? If so, you may have worried about how to provide for them or how to give them a gift or leave…
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How to Choose Your Personal Representative
Estate planning can provide a range of benefits, including protecting a future you want for yourself, your family, and your loved ones. It will involve the selection of trusted individual that will be tasked with important roles in safeguarding your wishes. For instance, the personal representative of your estate will play a critical part in…
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Benefits of a 529 Savings Plan as Part of Your Estate Plan
There seems to be more talk about 529 Savings Plans recently. A 529 plan is a savings plan with tax advantages that is designed to encourage people to save for the future costs of education. It may then be no wonder that more and more people are talking about 529 plans as the cost of…
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Times You Should Review Your Estate Plan
Having an estate plan in place means that you have taken a significant step in protecting a future you want for yourself and your loved ones. Establishing an estate plan, however, does not mean the process is over. Over time, our lives can significantly change. Our family dynamics change, family structures change, financial situations change,…
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Requirements for Establishing a Valid Will in California
A will can play a central role in developing an estate plan that meets the unique needs and circumstances of a person. It may be best known for setting out who will inherit what property upon a person’s death. A will can also, however, name a guardian for a minor child as well as name…
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New to California? Why You May Want to Update Your Estate Plan
Putting an estate plan in place is a valuable step in helping protect your future and the future of your loved ones. To be most effective, however, an estate plan should remain as up to date as possible. This means that, especially in light of major life events, you should take a moment to see…
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