The New York Times has an article of what you need to know about estate planning and many other issues regarding wills, living wills, medical directives, special needs trusts, estate tax and more.
Estate planning can include guardianship, conservatorship, revocable living trusts, special needs trusts, irrevocable insurance trusts and many others. Estate planning is also useful for passing assets without probate when in a living trust. Most living trusts are revocable meaning that they can be changed or modified. This is important since there are changes in circumstances including births, deaths, divorce, legal separation,illness, disability and others which necessitate changes to the revocable living trust.
Please feel free to contact us regarding your estate planning needs in San Diego, California.