Entries by CaliLaw

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New Developments Transform the Role Life Insurance Plays in Your Estate and Financial Planning

Within the past year, a combination of new legislation and the recent change of leadership in the White House and Congress stands to dramatically increase the taxes your loved ones will have to pay on inherited retirement accounts as well as increasing the taxes you owe on your taxable investments. However, purchasing life insurance may […]

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Does Your Estate Plan Protect Your Intellectual Property?

  If you own a business, you almost certainly have intellectual property. However, because your intellectual property is intangible, it can be invisible to you and those who aren’t familiar with the nature of intellectual property and its value, so it often gets overlooked, especially when it comes to estate planning. Yet, if you fail […]

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Moving to A New State? Remember to Review Your Estate Plan

Although you likely won’t need to have an entirely new estate plan prepared for you, upon relocating to another state, you should definitely have your existing plan reviewed by an estate planning lawyer who is familiar with your new home state’s laws. Each state has its own laws governing estate planning, and those laws can […]

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5 Tips for Keeping Kids Connected With Grandparents During the Pandemic

While the quarantines, shutdowns, and social distancing measures related to the pandemic have been difficult for everyone, the elderly have been particularly hard hit. Since seniors face the most health risks from COVID-19, most of them have been careful to avoid close contact with their family members, and this has left many grandparents unable to […]

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What You Should Know About Long -Term Care Insurance

With people living longer than ever before, more and more seniors require long-term healthcare services in nursing homes and assisted living facilities. However, such care is extremely expensive, especially when it’s needed for extended periods of time. Traditional healthcare insurance doesn’t cover such services, and though Medicare does pay for some long-term care, it’s quite […]

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5 Questions to Ask Before Hiring An Estate Planning Lawyer -Part 2

Since you’ll be discussing topics like death, incapacity, and other frightening life events, hiring an estate planning lawyer may feel intimidating or morbid. But it doesn’t have to be that way. Instead, it can be the most empowering decision you ever make for yourself and your loved ones. The key to transforming the experience of […]

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5 Questions to Ask Before Hiring An Estate Planning Lawyer – Part 1

Since you’ll be discussing topics like death, incapacity, and other frightening life events, hiring an estate planning lawyer may feel intimidating or even morbid. But it doesn’t have to be that way. Instead, it can be the most empowering decision you ever make for yourself and your loved ones. The key to transforming the experience […]

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Remarrying in Midlife? Avoid Accidently Disinheriting Your Loved Ones

Today, we’re seeing more and more people getting divorced in middle age and beyond. In fact, roughly one in four divorces involve those over 50, and divorce rates for this demographic have doubled in the past 30 years, according to the study Gray Divorce Revolution. For those over age 65, divorce rates have tripled. With […]

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6 Things You Should NOT Include in Your Will

  A will is one of the most basic estate planning tools. While relying solely on a will is not a suitable option for most people, just about every estate plan includes this key document in one form or another. A will is used to designate how you want your assets distributed to your surviving […]

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Getting Divorced? Don’t Overlook These 4 Updates to Your Estate Plan – Part 2

Last week in part one [https://www.calilaw.com/getting-divorced-dont-overlook-these-4-updates-to-your-estate-plan-part-1/], we discussed the first two changes you should make to your plan if you’re getting divorced: updating your beneficiary designations and power of attorney documents. Here in part two, we’ll cover the final updates to consider. Create a new will Creating a new will is not something that can […]