PARENTS & HOMEOWNERS: MY 7-STEP ESTATE PLANNING PROCESS WILL PROTECT YOUR HEIRS
From Creditors, Predators & Bad Choices, And Will Help You Become a (Bigger) Hero to Your Family!
Common Mistakes to Avoid in Estate Planning
Failing to Create an Estate Plan One of the most significant mistakes people make is failing to create an estate plan altogether. Many individuals procrastinate, assuming they have plenty of time or that estate planning is only for the wealthy. However, the reality is that life is unpredictable, and without a plan in place, your…
Can I Skip Over My Children and Leave Assets to My Grandchildren Instead?
It is a common question that pops up during estate planning. Grandparents want to know if it’s irresponsible, rude, or just “wrong” of them to leave their assets to their grandchildren rather than to their children. This may be because they feel their children won’t responsibly handle the assets upon their death. Another reason could…
Common Mistakes in Estate Planning and How to Avoid Them
Understanding the Importance of Estate Planning Estate planning is a critical process that ensures your assets are distributed according to your wishes after your death. It is not just for the wealthy; everyone, regardless of the size of their estate, should have a plan in place. Without a proper estate plan, your loved ones could…
Understanding the HIPAA Release and Its Importance in Estate Planning
Understanding the HIPAA Release and Its Importance in Estate Planning When we think of estate planning, our minds often drift towards wills, trusts, and the distribution of assets. However, there’s a crucial component that many overlook: the HIPAA release. This document is essential for ensuring that your healthcare decisions are respected and that your loved…
Here are the most common seven estate planning errors I see made by people.
1. Not knowing the strategy Lots of people rely on an estate planning attorney to make all the decisions about their plan and to make sure that everything in the strategy is implemented appropriately. 2. Out-of-date beneficiary designations Neglecting to upgrade the recipients of your estate might permit your assets to go to your parents and siblings instead of to your spouse and children,…
The Role of a Will in Your Estate Plan
What is a Will and Why is it Important? A will is a legally binding document that outlines how an individual’s assets and possessions should be distributed after their death. It serves as a cornerstone of estate planning, ensuring that your wishes are honored and your loved ones are provided for. Without a will, the…
What Is The Difference Between A Testamentary Trust And A Living Trust In California?
Understanding the differences between a testamentary trust and a living trust is crucial for effective estate planning in California. I am Eric Ridley, and I am here to guide you through this process and help you create a personalized plan that fits your family’s needs. This can be a confusing and overwhelming process, but I…
What is Estate Planning, and Why is it Necessary in California?
Estate planning is about crafting a careful strategy in advance to dictate how your assets will be managed and distributed after your demise. The primary objective? To see your loved ones taken care of in exactly the way you intend. When we refer to “estate,” we mean the totality of what you own — this…
Long Term Care Planning: Strategies for Californians
Long Term Care Planning: Strategies for Californians As we age, planning for long-term care becomes an essential aspect of financial and personal well-being. For Californians, navigating this complex landscape requires understanding state-specific options and strategies. Whether you’re planning for yourself or a loved one, it’s crucial to make informed decisions that ensure peace of mind…
Your Cryptocurrency Cold Wallet Isn’t Immune to Probate
Source: images.pexels.com Introduction Understanding the Importance of Cold Wallets In a world that’s increasingly relying on digital assets, the safety of one’s cryptocurrency holdings is paramount. Cold wallets, often valued for their robust security features, serve as an ideal solution for individuals looking to protect their investments. Unlike hot wallets, which are constantly connected to…
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Mr. Ridley is just fantastic. He is knowledgable, attentive, honest and was very patient with my many many questions about my legal situation. I am especially appreciative that he helped me to understand that my situation had a resolution in s(...)
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Eric did an excellent job creating our Living Trust. His work was very detailed and thorough, and at a very reasonable cost. I could reach him easily to discuss concerns or questions, and he offered great advice. His depth and e(...)
Favorite Lawyer of All Time
Eric Ridley has to be my favorite Lawyer of all time. He helped me out tremendously being the executor of a family trust. I would give him 10 out of 10 no doubt! He did such a good job for me that I recommended him t(...)
