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The Artis Law Firm

A Professional Law Corporation

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(818) 532-5599
Best Probate Attorneys in Glendale

A California Estate Planning & Trust Information Center

Is your existing estate plan obsolete?

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I have heard it said that “action today can prevent a crisis tomorrow.” The evil of procrastination is especially common when it comes to estate planning.  Far too many procrastinate by never actually putting an estate plan into place.  Others may demonstrate uncommon wisdom and foresight by working with an estate planning attorney and establishing a trust that will protect their financial and family legacy.  But then they put those trust documents into a filing cabinet or drawer and forget about them.  Estate planning should be viewed as an ongoing process because we all know that the only absolute constant in life is change.  Right?

If there have been any changes in your life to your family, your finances or other personal circumstances, it’s probably time to make sure your estate plan still works for you.  You’ll also want to ensure that any changes in the law or your personal circumstances have not made your existing plan obsolete.  This is even more important in these uncertain times.

I stumbled across a wonderfully concise article on this topic yesterday written by a friend, Ed Johnson.  Ed, a Financial Advisor with California Financial Partners, Inc. in Glendale, California, suggests things to look for when doing a review of your estate planning documents.  Do yourself a favor and take a look by following this LINK.

I provide an “Estate Planning Checkup” checklist on my website.  You can find that HERE.

Five conversations to have with your parents and elders during the pandemic

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In the middle of a crisis, there are several important conversations to have with your parents and loved ones over 60 sooner rather than later. A colleague of mine in the American Academy of Estate Planning Attorneys just had an article published on this topic, titled the Five Conversations to Have with Parents and Elders During the Pandemic. I thought it might be a helpful resource for you and your loved ones. You can find it here.

There is also a comprehensive guide linked in the article. The guide walks you through not only the important conversations but also how to start these conversations, numerous ideas and links to activities specifically geared to loved ones over 60, and a specific list of questions to ask your parents and elders to come closer together through this pandemic.

If you have loved ones who are at a loss for how to support their families, this might be a helpful starting place. It touches on the importance of having your affairs in order, in addition to topics that will help you deepen relationships in the midst of the storm.

Joint Tenancy Pros and Cons

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Joint tenancy is one of the most common ways for married couples to hold title to their property. My March 5th Blog post drew attention to 9 hazards of joint tenancy. This Blog addresses joint tenancy difficulties from another perspective: when parents add one or more of their children to the title of their home, a practice that is quite common in my local area. Read on to learn more.

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