McCoy Fatula, APCMcCoy
Located in Roseville, CA

Estate Planning Archives

Ways to prevent estate planning trouble after divorce

Many people in California and throughout the nation will enter into marriage more than once in their lifetimes. There are certain things to keep in mind if one wants to avoid estate planning problems that may arise when a situation involves a former spouse. A key factor to prevent troubles down the line is to keep all accounts, records and executed plans updated.

Avoid these estate planning errors like the plague

There are many resources available in California that can help clarify laws that govern matters regarding the protection and distribution of assets for those who own estates. There are also estate planning errors that should be avoided and plenty of evidence to show what can happen if such mistakes are made. People continue to talk about former Pop music star Prince, and the debacle that ensued after he died without executing a will, which is one of the most common errors.

No estate planning often spells chaos for family members

News outlets in California and across the globe were flooded with stories earlier this year regarding pop music star Prince, who died without ever having executed a will. Similar stories surfaced after that; apparently, Prince was not the only superstar whose lack of estate planning had caused havoc within their families after their deaths. Many people, famous or not, simply do not like to discuss their own mortality, hence the reason for their procrastination when it comes to getting their affairs in order.

Major mistakes to avoid in estate planning

Some California residents may be among others across the nation currently facing challenges regarding living wills, trusts or other related matters. Careful estate planning is advisable to any and all who wish to secure their assets and provide for loved ones' futures. In the past, some people's situations have been less than ideal, due perhaps to several types of mistakes that may actually have been avoided.

Choose wisely when estate planning in California

In daily life, many people in California and elsewhere are organized, good at planning and prompt in attending to necessary details in their work and personal lives. Others are staunch procrastinators, seemingly stuck in ever-revolving to-do lists that never actually get done. With regard to estate planning, some financial advisers say it is far better in this case to be among the former rather than latter.

Factors to consider during estate planning process

Not many people enjoy talking about their own mortality. California residents and others may want to consider the following estate planning tips, which may be crucial to securing assets and providing for loved ones' futures. Such matters are intensely personal, and each plan is able to be customized according to immediate needs and long-term goals.

Avoid these estate planning pitfalls

Many California residents are concerned with protecting their assets and creating thorough plans for the distribution of inheritance and other related issues should they die or become incapacitated. Those who want to avoid common estate planning mistakes may be interested in the following recently published advice. A common, yet major error is failure to execute a plan.

Estate planning important topic for young and old in California

Discussing mortality is not always a favorite subject. Many people find the topic uncomfortable. However, in California and beyond, both young and old alike may benefit from gaining an understanding about the laws that govern estate planning matters before it is too late. When a person dies with no estate plan in place, family members may face many challenges during a lengthy probate process.

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