Category: Inheritance

bags of money stacked to represent how assets pass down to multiple generations

Generally speaking, there are two different ways that assets can pass down to your kids and grandkids. It depends on the distribution formula selected—whether the assets are going to pass Per Stirpes or Per Capita. These are very old-fashioned terms, but we still use these concepts, even today. Per Stirpes Distribution Per Stirpes is a way of transferring assets […]

which way to my money?

How do you get your inheritance in California? That can be a confusing question because it really depends on the type of assets you are inheriting. You may be receiving assets from a Trust, Will, life insurance, paid-on-death account, joint tenancy account, or others. Each asset has its own set of rules for how it […]