Estate planning is the deliberate process of preparing for the management and distribution of a person's estate during their lifetime and at their death. The primary purpose of an estate plan is to provide for the financial security of one's family and to ensure that assets are distributed according … [Read more...] about Estate Planning Essentials
The 5 Components of Estate Planning
Many believe that a will is all you need to have a proper estate plan. However, an effective estate plan can do so much more than simply designate beneficiaries. With all the necessary components, your estate plan can help your loved ones avoid the probate process, protect your assets, and empower … [Read more...] about The 5 Components of Estate Planning
The Difference Between a Will and Estate Planning
Creating a will is not quite the same as estate planning, but they do tend to go hand-in-hand. If you are creating an estate plan, a will is an essential component in a broad plan of action for how you want your assets treated after your death. However, a will on its own is more limited in its … [Read more...] about The Difference Between a Will and Estate Planning
Should I Be Worried about Prop 19?
As many people are aware, Proposition 19 recently passed in California, bringing with it much surprise and uncertainty. With so many people calling and asking about what they should do and how it will affect them, we thought we would provide some basic information. However, the most important … [Read more...] about Should I Be Worried about Prop 19?
How to Make an Estate Plan During a Crisis
COVID-19 is drastically impacting our community, and our attorneys at Patton Law Group understand that clients have many concerns at the moment. Our office believes it is important to remain available and dedicated to our clients during these uncertain times, which is why we are still here to serve … [Read more...] about How to Make an Estate Plan During a Crisis
A & B Trust
When a married couple is looking to maximize the usage of federal exemptions with regard to their estate taxes, an A and B trust will play a large part in this process, since these trusts are part of the overall estate plan. … [Read more...] about A & B Trust
What Exactly Is A Trust?
A Trust is a legal document that specifies how your assets will be distributed to your beneficiaries, at a certain time, generally once you pass. There are several different types of Trusts; however, the Trust most commonly referred to is known as a Revocable Living Trust. This type of trust is … [Read more...] about What Exactly Is A Trust?
Why is Incapacity Planning Important?
When discussing estate planning, I have many conversations about avoiding probate, protecting assets from taxes, guardianship and asset protection for minors, and just generally about what happens after someone passes. The topic that seems to be much more rare is, "What if … [Read more...] about Why is Incapacity Planning Important?
What Is An A & B Trust?
When a married couple is looking to maximize the usage of federal exemptions for their estate taxes, an A and B trust will play a large part in this process, especially since these trusts are part of the overall estate plan. The details of this trust system are included as part of the Revocable … [Read more...] about What Is An A & B Trust?
Trust Administration
When it comes to administrating a trust, it is best to hire a trust administration lawyer to go through this process. … [Read more...] about Trust Administration
