When your first child was born, you could not imagine caring for anyone more. Your children are your world and you would do anything for them. This includes making sure they are always taken care of and protected. But how can you ensure your children will be provided...
Shimada Law Blog
Who will raise the children if both parents pass away?
It is something you and spouse never even considered. The thought of not being around to raise your children. It just cannot happen. Someone must raise them, be there for them and support them. Unfortunately, it is true for some couples. So, you must consider the...
A plan as unique as your life
If you have a family, you need an estate plan. It is about much more than passing on money, business, or property. An estate plan makes everything easier for those you love when something happens to you. That doesn't mean that it has to be complicated or involved. It...
A Surprising Reason Why You Need Estate Planning More Than Ever
Estate planning, in its broadest sense, is a way to turn your wishes into a plan and make them legally binding. It encompasses things such as giving money for grandchildren’s college funds, stating who you would like to raise your children if you could not and...
How women can prepare for the risk of being suddenly single
While the possibility of being single can have a big impact on either spouse, women are often more likely to face more challenges if they are to suddenly become widowed.One reason for this is that women tend to be less involved when discussing their family’s...
How to talk to the family about the money
Many people who have accumulated wealth want to keep the money in the family. However, discussing that wealth can make for an awkward conversation. Some people see conversations about money, even with loved ones, as taboo, while others don't want their children or...
Five estate planning mistakes to avoid
Reaching certain milestones in life gives you a unique perspective on and clarity about the future. Perhaps as it is as you prepare to you walk down the aisle or as you prepare to welcome your first child into the world. These moments often make you stop to take the...
3 smart options for passing on your family business
The baby boomer generation is full of entrepreneurs. Many have chosen a path of independence and cultivated successful businesses. As the generation matures many baby boomers are making decisions about the future of their companies. Deciding the best way to pass on a...
Civil Contempt and Offshore Trusts
So you read online somewhere about some guy named Anderson or Lawrence and how they went to jail for civil contempt because they settled an offshore trust. Scared? Don't be. Anderson and Lawrence (as well as every other case) are very fact-specific cases. Lets discuss...
What is the Difference between a Will and a Revocable Living Trust?
To understand what a will is, you must first understand what Probate is. Probate is a court process where the court names an executor to gather property of the decedent, pay any creditors of the decedent out of that property, and ultimately distributes the property to...