Blogs Cabanas law firm
  • Avoid This Major Mistake When Adding an IRA to Your Estate Plan

    Jeff Sinnock |

    Avoid This Major Mistake When Adding an IRA to Your Estate Plan

    Some people assume that because they’ve named a specific heir as the beneficiary of their IRA in their will or trust that there’s no need to list the same person again as beneficiary in their IRA paperwork. Because of this, they often leave the IRA beneficiary form blank or list “my estate” as the beneficiary.… Read more>>


  • Ready to Write Your Will? Consider This Before You Go It Alone or Online

    Jeff Sinnock |

    Ready to Write Your Will? Consider This Before You Go It Alone or Online

    A last will and testament is the most commonly thought of document when it comes to an estate plan. But, really, it’s a very small part of an integrated plan that ensures your family stays out of Court and out of conflict when something happens to you.… Read more>>


  • Estate Planning Best Practices Gleaned From Famous Celebrity Deaths

    Jeff Sinnock |

    Estate Planning Best Practices Gleaned From Famous Celebrity Deaths

    Discussing death can be awkward, and many people would prefer just to ignore estate planning all together. However, ignoring—or even putting off—such planning can be a huge mistake, as these celebrity stories will highlight. The next time one of your relatives tells you they don’t want to talk about estate planning, share these famous celebrities’ stories to get the conversation started. Such cautionary tales offer first-hand evidence of just how critical it is to engage in estate planning, even if it’s uncomfortable. The Marley Family Battle You would think that with millions of dollars in assets—including royalties offering revenue for the indefinite future—at…… Read more>>


  • Appoint a Guardian to Keep Your Kids In Safe Hands At All Times

    Sergio Cabanas |

    Appoint a Guardian to Keep Your Kids In Safe Hands At All Times

    Probably every parent who has watched the news lately has felt the heartbreak over what’s happening to immigrant families at the border due to the Trump administration’s immigration regulations. As you likely know, the administration's new “zero-tolerance” policy has led to the separation of more than 2,300 children from their parents at the U.S.-Mexico border between May and June 2018 alone. Putting politics aside, with horror stories of toddlers being ripped from their mothers’ arms and audio recordings of children crying and begging for their parents, we imagine it would be hard for anyone with their own kids not to be disturbed. What’s…… Read more>>


  • Squabbles Between Alan Thicke’s Heirs Highlight the Importance of Properly Drafted and Updated Estate Planning

    Sergio Cabanas |

    Squabbles Between Alan Thicke’s Heirs Highlight the Importance of Properly Drafted and Updated Estate Planning

    In the 1980s, the late actor Alan Thicke played the wise-but-hip father figure and psychiatrist Dr. Jason Seaver in the sitcom Growing Pains. Following Alan’s sudden death in December 2016, with his children and widow battling over his estate, one can only wonder what sage advice Dr. Seaver would have had for Thicke’s heirs. Alan collapsed and died from a heart attack at age 69, while playing ice hockey with his youngest son, Carter. Unlike some celebrities, he had a fairly comprehensive estate plan. But with three marriages, three sons from two of those unions, and an estate worth an estimated…… Read more>>


  • I Don’t Have Kids, So Why Do I Need Estate Planning? Part 2

    Jeff Sinnock |

    I Don’t Have Kids, So Why Do I Need Estate Planning? Part 2

    Last week, we shared the first part of our series on the importance of estate planning for those without children. If you haven’t read it yet, you can do so here. Here in part two, we discuss the other risks involved for those who forego estate planning. Someone will have power over your health care Estate planning isn’t just about passing on your assets when you die. In fact, some of the most critical parts of planning have nothing to do with your money at all, but are aimed at protecting you while you’re still very much alive. Advance planning allows you to…… Read more>>


  • I Don’t Have Kids, So Why Do I Need Estate Planning? Part 1

    Sergio Cabanas |

    I Don’t Have Kids, So Why Do I Need Estate Planning? Part 1

    It’s a common misconception to think that if you don’t have children, you  don’t need to worry about estate planning. But the fact is, it can be even MORE important to do estate planning if you have no children.… Read more>>


  • Before Your Kids Leave For College, Make Sure They Sign These Documents

    Sergio Cabanas |

    Before Your Kids Leave For College, Make Sure They Sign These Documents

    With high school graduation coming up, many parents will soon watch their children become adults (at least in the eyes of the law) and leave home to pursue their education and career goals. Turning 18, graduating high school, and moving out is a huge accomplishment. And it also comes with some serious responsibilities that probably aren’t at the forefront of their (or your) mind right now. Once your children become legal adults, many areas that were once under your control are now solely up to them. Here’s the big one: Before they turned 18, you had access to their financial accounts and…… Read more>>


  • The Key Differences Between Wills and Trusts

    Sergio Cabanas |

    The Key Differences Between Wills and Trusts

    When discussing estate planning, a will is what most people think of first. Indeed, wills have been the most popular method for passing on assets to heirs for hundreds of years. But wills aren’t your only option. And if you rely on a will alone to pass on what matters, you’re guaranteeing your family has to go to court when you die. In contrast, other estate planning vehicles, such as trusts, which used to be available only to the uber wealthy, are now being used by those of all income levels and asset values to keep their loved ones out of…… Read more>>


  • Beginner’s Guide To Preparing For A Divorce

    Sergio Cabanas |

    Beginner’s Guide To Preparing For A Divorce

    Nobody enters into a marriage thinking they will get a divorce. However, when fairytale weddings turn into nightmares, the only escape is divorce. The bumpy ride that ensues is emotionally tumultuous, financially stressful and could even have a bearing on your mental and physical wellbeing.… Read more>>