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Understanding Pour-Over Wills

According to a 2023 survey by Caring.com, two out of every three Americans don’t have any kind of estate plan documents in place. Even though drafting a will is one of the most important things you can do to ensure your loved ones are taken care of, it’s shocking how many people haven’t done so.

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Estate Planning & Divorce

Even the best-laid plans can go awry in life. When it comes to important life matters such as marriages and estate plans, there is a lot at stake—emotionally and financially. When a marriage fails, it has a significant impact on the plans you’ve made for your family’s financial future. This type of situation is quite common.

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What Should I Do About an Irresponsible Heir?

Generally, you’ll want to make sure to provide as much as possible for your children after you pass away. However, estate planning can get more complicated if your children (or other heirs) can be irresponsible with money.

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Common Misconceptions About Probate

Probate can be confusing and costly, and it is likely the last thing you want to think about after losing a loved one. However, some myths prevail that may make probate seem even more daunting than it is. A probate attorney can both help you understand probate and support you through the process.

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Reviewing and Updating Your Will

While planning your estate, you might think you’ve completed the most difficult step once you create a will. However, the time may come when you want to update your will in response to certain life changes. An estate planning attorney can help you avoid possible problems down the line by reviewing and updating your will.

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What Happens to a Living Trust in Divorce?

When it comes to divorce, the division of assets can be a complicated and emotional process. One question that often arises is, “What happens to a living trust in divorce?” The answer depends on the type of trust and whether it is revocable or irrevocable.

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Accounting for Your Pets in Your Estate Plan

Pets are beloved family members. That is why including them in estate planning can be crucial. Failing to include pets can leave them unprotected in case of their owner’s unfortunate passing. At Davidson Estate Law, we strive to help our clients determine the best way to protect pets in their estate plans.

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Properties That Are Commonly Held in Trusts

Estate planning generally begins with a last will and testament, commonly referred to as a will, which allows you to designate who should receive your assets when you pass away. Assets generally include anything you possess in your own name that is not jointly held with someone else.

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Is a Handwritten Will Valid in California?

Most of us are familiar with what a basic will does, but it’s not until we write out our own or are assigned to be the executor of one that we realize how complex it can be. Furthermore, a lot of people don’t realize there are actually different types of wills and some of them are harder to administer than others.

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Second Marriages & Estate Planning

When creating an estate plan in your second or subsequent marriage, there are some important things that you need to keep in mind. Be sure to take the necessary steps to protect yourself, your assets, and your children.

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