I get calls every week from California Trust, Last Will, and Estate beneficiaries complaining that they can’t get their brother or sister, who is the Trustee and Executor of their parents’ estate plan, to provide true copies of their parents’ estate plan after the parents have died.
Marriage is outdated. At least that’s what one article published this week in the Globe and Mail would have you believe. Citing the ever rising divorce rate, together with a younger generation that has “abandoned committed relationships”, the author asks whether it is time that we re-think the legal framework of marriage.
Under California law ex-spouses are entitled to receive your life insurance benefits if you fail to change your beneficiary form after dissolution of your marriage. But there are other assets where an ex-spouses rights are automatically terminated after divorce. In this video, Keith Davidson describes when an ex-spouse can receive your assets.
Alexander Pope famously stated that “to err is human; to forgive, divine.”
Many of us look forward to retirement and the golden years in our lives when we can finally do some of the things we haven’t had time for in our busy, working schedules.