A Guide to Five Popular Estate Planning Tools

Most people know what a will is and why it’s important to have one, but many are less aware of the myriad of other estate planning tools at their disposal. At Solan, Park & Robello, we are passionate about helping our clients create estate plans that are perfectly crafted to their unique situations. To that, we use many tools that go beyond the simple Last Will & Testament, and today we want to tell you about Read More

Understanding the Role of a Conservator

A conservatorship is a legal concept in which the financial affairs of an incapacitated person, or even the regular affairs of their daily life, are overseen by someone else. That other person is called a “conservator” and has to be appointed by a judge. Within a conservatorship, the incapacitated person is referred to as a “conservatee” or a “ward.” How do I become a conservator? If you are concerned about the Read More

The Executor’s Responsibility Checklist

When you find out a loved one who passed away named you the executor of their estate, it is a great honor. It means that the respected and trusted you enough to charge you with handling their final affairs. This honor comes with great responsibility. But what exactly is that responsibility? If you find yourself asking, “Okay, so what now?” you’re certainly not alone. Read on for a breakdown of what the role of Read More

Three Ways Dying Without an Estate Plan Creates Problems for Your Loved Ones

At Solan, Park & Robello, we ardently believe in the importance of estate planning. We have seen first hand how negatively it impacts families when someone passes away without an estate plan, whether it’s because they didn’t work with a lawyer to make sure their wishes were stated in a legal valid way, or because they just didn’t plan for their eventual death at all. If you die without an estate plan, it can Read More

Four Tips for Discussing Estate Planning with Your Loved Ones This Holiday Season

If you are in the know about the importance of estate planning, it can be stressful, frustrating, and scary to know that your family members or other loved ones are living their lives with an out-of-date estate plan or with no plan at all in place. You know the consequences can be serious and you want to protect them. Luckily, the holidays are the perfect time to bring up this subject! Multiple generations of the Read More

Understanding the Difference Between Medicare and Medicaid

Understanding government-run programs can be complex, and understanding health insurance coverage can be tricky. When you tie the two together, it can be positively confusing. However, it doesn’t have to be. In this post, we’ll explain the differences between Medicare and Medicaid so you can determine which government-run health insurance program is best for you. What Is Medicare? Medicare is a federal health Read More

3 Common Mistakes to Avoid with Your Power of Attorney

An important part of estate planning and financial planning is creating a power of attorney. Your power of attorney (POA) is a document that names an “agent” or “attorney-in-fact.” This person will be able to make decisions on your behalf under certain circumstances. Making your POA must be done properly to keep potential problems from arising. Watch out for these three mistakes that could cause trouble down the Read More

What You Need to Know About Advance Healthcare Directives

A well-devised estate plan doesn’t just make arrangements for after your death. It can also make arrangements for how your affairs will be handled later in your life, if you have expensive medical bills or become unable to make decisions for yourself. One of the most useful legal documents for this kind of estate planning is the advanced healthcare directive. In this blog post, we will be answering some of the Read More

10 Reasons to Update Your Estate Plan

An estate plan is one of the most important documents you will draft, but doing it once is not enough. A good estate plan is a dynamic document that needs to be reviewed to make sure it keeps up with your changing life, relationships and finances as well as the current tax and estate laws.  Over time, many things can change. The person you had in place as your power of attorney may no longer be able to serve, you Read More

Understanding the Difference Between Formal and Summary Probate Administration

What can you expect if one of your family members has recently passed away and now you’re going to be involved in a probate process related to his or her estate? The word probate refers to a process in which the assets of a deceased person are distributed among the beneficiaries appointed in his or her Will. In California, this process can be either formal - in which case it is structured according to specific Read More