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9. Other Documents You Need

This is part 9 in my series, Estate Planning – What You Need to Know. Part 9 - Other Documents You Need. Pour-Over Will When you create a revocable living trust as the central piece of your estate plan, you should also include a pour-over will. A revocable living trust only controls property that you have transferred to it. If you die without transferring your property to the trust, such as real…

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6. Revocable Living Trust

This is part 6 in my series, Estate Planning – What You Need to Know. Part 6 - Revocable Living Trust. The solution for probate is a revocable living trust. A revocable living trust is a legal contract you make with yourself, or, if you are married in a community property state like California, with your spouse. The trust is a set of instructions on how you want your assets to be…

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2. Who Needs an Estate Plan?

Here is part 2 my series entitled, Estate Planning – What You Need to Know. Who Needs an Estate Plan? If you have a family, a house or a business or you have assets you would like to pass down to certain people or charities, then you absolutely need an estate plan. An estate plan will make sure there are enough funds to take care of your spouse and young children, often…

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1. What is an Estate Plan?

In the next two weeks, I will publish my new series entitled, Estate Planning - What You Need to Know. Here is part 1. 1. What is an Estate Plan? An estate plan is a set of legal documents that allows certain things to happen when you die or if you can no longer manage your affairs. If you have young children, it names the Guardians you want to raise your children…

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Fund Your Living Trust

I can say this every day and it may still not be enough. Make sure you fund your living trust. This means transferring title of your real property, bank accounts, investment accounts and business to your living trust. One of the main reasons you created your living trust was to avoid probate. You may have the best living trust in the world, but if your assets have not been transferred to it,…

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