When Should I Make an Estate Plan?
The need for an estate plan is not so much dependent on your age but on life events.
Here are a few key events that may trigger the need for an estate plan or a change in an existing plan.
1. Marriage or Divorce.
After marriage, a couple may want to consider designation of a spouse as a health care agent and the distribution or division of joint property on death.
After a divorce, the distribution of separate property and the designation of new trustees and health care agents should be addressed in a new estate plan.
2. Children
A birth or adoption of a child will change the distribution of an estate and should be addressed in a revocable trust or will. Legal Guardians should also be named for minor children.
3. Change In Assets
Buying a home or business, and inheriting money or property are all events that may necessitate the need for a new estate plan or a change to an old one. A revocable trust may need to be updated to address estate tax issues or a buy-out agreement for a business.
If you have any questions about revisions to an existing estate plan or the preparation of a new estate plan.
The Keller Law Firm is located at 28005 Smyth Drive in Valencia. For more information, please call 661-291-1631 and visit www.kellerlawfirm.com.
ADVERTISE WITH US
Why Choose a Morgan Stanley Financial Advisor – Morgan Stanley Smith Barney
You’ve worked hard to build a substantial nest egg and you need to make sure it will be managed right. Perhaps you’re thinking about helping your daughter with a down payment on a home—without jeopardizing your lifestyle in retirement. You’re ready to choose a...
Create Operational Velocity!
A few years ago, I introduced a concept to my clients to help them understand the reasons behind their underperformance, which I called the capability gap. In essence, the capability gap is a situation where a company’s performance is not living up to its potential....
Calculating Support Payments – DaCorsi Placencio, P.C.
Dissomaster is a software program used in California family law cases to calculate child support and termporary spousal support payments. The program was developed in the early 1990s and has since become widely used by family law attorneys, judges, and other...
ABOUT THE MAGAZINE
Santa Clarita Magazine has set a high standard for excellence in advertising for over 34 years. A family owned and operated business, Santa Clarita Magazine has grown with the Santa Clarita Valley since 1990 and become the #1 place to advertise locally.
FOLLOW US
SANTA CLARITA MAGAZINE
PO Box 801570
Valencia Ca 91380
For Advertising information
Call or Text: 1 (661) 294-4444