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The Law Offices of William S. Dunlevy
Serving clients in Camarillo, Thousand Oaks and the surrounding areas of California
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January 2019 Archives

Mistakes can derail your estate planning efforts

Planning for the future and preparing for long-term care is not always an easy process. This is a smart step for California readers of all ages and income levels, yet there are a few common estate planning mistakes that can derail a person's efforts and cause complications down the road. Of course, one of the most common mistakes that people make regarding their estate plans is to do nothing or assume they do not need one.

A living revocable trust is a popular estate planning tool

The will, sometimes called a last will and testament, remains the most common and recognizable tool that people in California and other states use to create their plan for asset distribution to their beneficiaries and for related purposes. However, living trusts have increasingly grown in popularity and are worth considering when one sits down with one's estate planning attorney to work out a plan. The revocable living trust is set up by the person called the grantor or settlor, and that person appoints a trustee to govern and administer the trust. In many instances, the settlor and the trustee are one in the same.  

Estate planning steps for the newly divorced

Divorce will bring many changes to a person's life, including finances, retirement and more. In a time of upheaval and transition, it can be easy to overlook some of the things a California resident may need to do after divorce in order to truly protect his or her interests. One of these things is to make estate planning adjustments.

Drafting a power of attorney to help parents with finances

Many California children have to help their parents manage their finances as they get older. This can be a complex task, and there are many financial and legal factors to consider. It can be beneficial to consider certain types of estate planning documents, such as a power of attorney, to help with this process and reduce the chance of complications.