People work their entire lives to create a nest egg and hopefully leave a lasting, positive legacy for their children and grandchildren. There are all sorts of tools to make sure these things happen. People invest in retirement plans, create Wills and Trusts and even make plans to direct their healthcare should they become incapacitated. But this article is not about creating or implementing those strategies. Here I want to talk about something that many people either forget

Certain assets avoid probate because the owner of the asset is able to name beneficiaries who will receive the benefit at the owner’s death. Life insurance is one of those assets. So when you create a Revocable Trust as part of your estate plan it is really important to update the beneficiaries of your life insurance policies to reflect your wishes and have it work with your overall plan. Here is some general information for you to consider. Naming Life Insurance Beneficiari

There are a variety of reasons why it is good to have an estate plan. Here is a quick rundown of the top five reasons why I think it is best to have a thoughtful plan in place: Avoid Probate. Probate is a court supervised procedure involving lots of documents and forms that must be filed with the court. Needless to say this process is time consuming and cumbersome. Also, California is one of only a handful of states in which the fees for probating an estate are statutory. The