Is it time to update your estate plan? Check the checklist.
We all lead hectic lives, and for some of us the to-do list keeps us on track. But did you know that when it comes to an estate plan, a checklist can be invaluable? So what should that Estate Plan Checklist include?
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Estate Planning is Not a One-Time-Only Event
Life changes. So do people and circumstances. The person you were even a few years ago is probably not the same person you are today.
So those critical estate planning documents, like your advance healthcare directives, powers of attorney, guardianship nominations, wills and trusts need to be reviewed and updated regularly; once a year on your own, and every 5 years with your attorney.
The Longer We Live, the Greater the Chances are of Becoming Incapacitated
It's a frightening thought: The longer we live, the greater the chances are of becoming incapacitated. It's one more reason the attorney's at Rusconi, Foster and Thomas say an estate plan is critical.
Are You and Your Business Partners on the Same Page?
Whether you pass away, retire, or become disabled, a thoughtful comprehensive succession plan is vital to the survival of your business. These issues can be complicated, but with help from the Law Offices of Rusconi, Foster and Thomas, you can rest knowing the transition will be a smooth one.
The Succession Planning Team at Rusconi, Foster and Thomas has years of experience in the business litigation and business contract areas and they have some tips.
The Estate Planning Checklist
Estate planning is not a one and done event. It's critical to create, and periodically update documents the communicate your wishes to your loved ones if you die or become incapacitated.That's why the estate planning attorneys at Rusconi, Foster and Thomas are offering this checklist:
By Jack Foley, Journalist BenitoLink  A $1.74 Million Judgement Against Dabo, Financial Advisor and San Benito County Board of Education PresidentAfter a five-year battle, a long time Hollister financial advisor must pay more than $1.7 million to the Community Foundation for San Benito County (CFFSBC), a judge in Hollister ruled Monday, November 13th. Mitchell J. Dabo did not show up for the highly anticipated court showdown over a lawsuit filed in 2015 by the foundation for damages resulting from missing trust fund money.
By Jeff W. Nunes, Esq. and Christen E. Gay, Associate  What's the difference between an LLC and an LP?Limited Liability CompanyA Limited Liability Company (LLC) is a business entity that utilizes the best practices of corporations and partnerships while avoiding many of their organizational restrictions. For example, an LLC combines the limited liability feature of a corporation with the pass-through taxation of a partnership.
By John C. Foster and Christen E. Gay  Your estate includes everything you own.If “estate planning” sounds like something that is only necessary if you are wealthy or own real estate, think again. Contrary to popular belief, your estate includes everything you own. Therefore, if you would like a certain piece of personal property to go to specific person you should execute a will at the very least. Otherwise, the state will determine how your property is distributed at your passing.
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