McCoy Fatula, APCMcCoy
Fatula
Located in Roseville, CA
916-945-2780

Estate Planning Archives

Estate planning info for California horse owners

Many people avoid discussions having to do with their own mortality. Others realize the importance of thorough estate planning and clarifying instructions regarding who will inherit possessions. California horse owners, in particular, may want to consider the following ideas when making plans to provide for the future care of their equines.

Crucial topics of California estate planning

Whether one's California lifestyle is one of simple means or celebrity status and wealth, it is crucial to consider the future as it pertains to an estate. Estate planning is an important part of protecting and providing financial care and stability for loved ones. Small or elaborate, assets still exist after a person is no longer alive to own them.

Planning For Your Death And Why It Is Normal

No one really likes to think about death. American culture is built that way especially. We focus on what is younger, faster and newer. The anti-aging and living forever rather than the pro-aging ideals and gaining wisdom. It is no wonder that death is a generally uncomfortable topic. However, when it comes to planning for your future and protecting not on your hard-earned assets and for the future, it really has to be discussed.

Estate planning as it relates to people living longer

Typically, men and women live anywhere from 10 to 15 years longer on average now than they did in 1950. A longer life span means that elder aged people have to maintain a means of financial support, perhaps for more years than they'd expected. Savings, estate planning and other financial endeavors are all affected by aging populations in California and throughout the United States.

Never too early to consider estate planning in California

California is an expansive and beautiful state, home to many young adults, as well as retirees seeking warmer climates and lives of leisure. Although each person's lifestyle differs, one thing remains common among all: there will come a time when each individual faces the end of his or her life. How prepared a person is, with regard to estate planning, depends on various factors.

California graduates may want to consider estate planning

When one thinks of executing documents to protect assets and provide for the futures of loved ones after death, it's common to think of doing so during mid-life years and beyond. However, some say that even high school graduates in California should be thinking about estate planning. In addition to focusing on future educational endeavors and prospective employment, planning one's estate may also be important.

After estate planning, the next step is sharing the plan

At some point, a couple in California may begin to consider what will happen when they reach retirement age. Many couples who reach this point have questions, and they often turn to an attorney for answers. This may be the first step in estate planning, but it is not the last.

Trusts may help California parents provide for special needs kids

The lifespan of the average person seems to be increasing. This goes for all people in the United States, including those with special needs. For parents of children with Downs Syndrome or other mental disabilities, this may be a blessing but also a challenge when it comes to planning for retirement or crafting an estate plan. Some say that using trusts is one way California parents of special needs kids can provide for their futures.

Estate planning in California may help avoid death tax

As the old saying goes, death and taxes are two things everyone can count on. When those two things combine, they have the makings of a nightmare. California does not have an estate or inheritance tax, but every state is subject to the federal estate tax, or "death tax." People who have assets above the exemption amount may consider estate planning if they are concerned about how this tax will affect their loved ones.

When a will is not part of estate planning in California

It is not uncommon for people in California to take steps to outline the distribution of their assets after death. Estate planning is a process through which a person can make known any desires regarding properties, business interests, family heirlooms or other valuables, as well as many other intentions concerning medical directives or powers of attorney. Not everyone includes wills in their estate plans; however, a failure to do so often has repercussions for family members further down the line.

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