When you buy a home in a California neighborhood, you are probably thinking about the things you will do to decorate your home, landscape your yard and enjoy your property. Perhaps you have a plan to put in a pool at some point in the future. These are all great ideas, but it may surprise you learn how much input your neighborhood homeowners' association has over your plans.
When it comes to setting up an estate plan, there are many options, and there may be many factors to take into consideration. For example, if someone expects their marriage to end, they may be wondering how a divorce could affect their estate plan. Or, they may be unsure about which estate planning options are best as a result of their divorce. Sometimes, people have irrevocable trusts, and they may wonder how these estate plans will be impacted by divorce and whether their assets will be seen as marital property or separate property.
Your will provides instructions on how your estate should be handled after you're gone. You'll also need to choose an executor, who is a person responsible for handling many important duties, including dispersing assets to your heirs. Kiplinger offers the following tips to help you pick an executor who will protect your estate and ensure your family members are taken care of when the time comes.
Many people dream of buying a home for the first time. Investing in a home is indeed gratifying, but it also comes with quite a few risks. Fortunately, there are steps you can take to ensure the transaction progresses as smoothly as possible. Bankrate explains common home buying mistakes and how you can work to avoid them.
Most people do not like contemplating their passing, especially after tragic circumstances. But estate planning is a crucial aspect of aging. However, there are documents in estate plans that affect your life right now, including a living will.