Santa Barbara, CA (Santa Barbara Lawyer Magazine) December 2018 — Private Professional Fiduciaries as Revocable Living Trust Successor Trustees Frequently estate plan lawyers engage in discussions with clients about who to appoint as successor trustees for revocable living trusts. Just as frequently, those clients often want to designate their children, siblings or other family members to take…
Can you identify your digital assets? Could someone else in your place? Have you considered your digital legacy? By definition, digitial assets include digitally stored content and online accounts owned by an individual. Within just a few years, the value and importance of digital assets have soared. Why are digital assets important? Financial Value – Think Paypal/Venmo/Square…
Happy Earth Day! Environmentally-friendly burials are gaining in popularity and becoming a viable option without interfering with traditions. Our office getting more and more inquiries about options and planning.
Greetings friends, clients, and colleagues! We are making an attempt to re-start our “monthly” newsletter. (We’ve been blessed with an ample of amount of growth and work this year which we thank you for!)
Did you know 64% of American adults don’t have a will, including 55% of those with children? As you read that statistic, I bet you’re telling yourself it’s time to write my will. But end-of-life planning is more than that. There are questions that you need to answer and other documents that need to be prepared, including health care and general arrangements. Having a plan ready is for your benefit and for the benefit of your loved ones.
So what happens when a spouse passes away with the former sub-trust estate plans from 20+ years ago? The trust administrator endures headaches and could spend a lot of time on unnecessary sub-trust allocations or administration complications.
Gerontologist Mary Winners outlines how to prepare critical documents that provide guidelines for the care of an aging family member. Winners uses the acronym GIFT as a simple way to trach the process. “G” is for gathering information. The “I” is for involving everyone – professionals, family members and so on. The “F” is for follow through on everything, especially all document requirements. Lastly, “T” is a reminder that family members need to tell everyone where all the documents are kept, as well as any other pertinent information.
To watch Forms 101: Mary Winners on Important Documents, click here.
The so-called sandwich generation– those caring for their children and their aging parents — are being squeezed more than ever these days.
The retirement savings their parents were depending on are being decimated, while health care and other costs associated with caring for them skyrocket. Add to that steep college tuition bills and the strain on the family budget is, well…overwhelming. According to a 2005 Pew Research Center report, 13% of baby boomers (about 9.75 million) are in such a situation.
It’s the holiday season again and you haven’t seen your parents face-to-face since this time last year– has it been that long already? You are looking forward to a visit with your whole family: your mom, dad, siblings, aunts and uncles, cousins and everyone else in between. Although you’ve kept in touch over the phone, you worry about your parents since it’s hard to tell if everything is going smoothly for them.
You have seconds on turkey and thirds on stuffing. The top button is unfastened to make room for the pumpkin pie. It is time to step away from the table.
This post-meal recovery period is being studied by scientists who are increasingly finding that what happens in the body after eating a big meal doesn’t just bring on sleepiness, commonly known as food coma. It can also increase the risk of later health problems.