The holiday season often inspires generosity, but how you give can make a lasting difference for both your loved ones and your long-term financial goals. Thoughtful estate planning allows you to give meaningfully while minimizing taxes and preserving wealth for future generations. From lifetime gifting to charitable trusts, there are several ways...
Estate Planning for Aging Parents in San Mateo: What Adult Children Need to Know
The holidays often bring families together, and sometimes, they can also provide an opportunity for important conversations. If your parents live in San Mateo or nearby communities, this season can be a natural time to discuss their wishes for the future. Estate planning isn’t just about finances; it’s about ensuring your parents’...
Why San Mateo Families Should Review Their Estate Plan Before Year-End
As fall arrives, the end of the year begins to come into view. And while many families are preoccupied with back-to-school and perhaps even holiday plans, it’s important to consider possible revisions to your estate plan. Working with an experienced San Mateo estate lawyer will help you make the right decisions in...
Can an Executor Be Held Personally Liable? What You Need to Know
When someone names you as the executor of their will, it’s an honor, but it also comes with serious responsibilities. In California, executors, also referred to as personal representatives, manage everything from paying debts and distributing assets to filing tax returns and keeping beneficiaries informed. With so much responsibility, it’s natural to...
What Happens at Your Initial Consultation for Estate Administration or Legal Disputes
Meeting with an estate lawyer often comes at a turning point—after a loved one has passed, when disputes arise, or when you’ve suddenly been handed responsibility for managing an estate. Questions about probate, inheritance, or contested wills don’t wait, and having clear guidance early on can make a difficult time more manageable....
What Happens When Siblings Disagree Over a Parent’s Estate?
Parents work hard to develop an estate plan that will result in fair inheritances for all of their children. While some parents split everything equally among their children, others decide to convey specific assets to specific heirs. Ultimately, the parents’ hope is that their estate will pass smoothly upon their demise.
Handling Retirement Accounts and Life Insurance in Estate Administration
Most estate assets must first undergo a court-supervised process known as probate before heirs can take possession of them. Two exceptions to this rule are for retirement accounts and life insurance policies. While these usually do not have to be probated, there are exceptions.
Administering one’s estate properly requires...
What Assets Go Through Probate — and Which Ones Don’t?
Probate is a court-supervised process that validates a deceased individual’s will and oversees the administration of that person’s estate. The probate court may only distribute property that was solely owned by the deceased individual. In other words, some assets, such as property that was owned jointly, are not subject to the probate...
Can You Sue an Executor for Mismanaging an Estate?
As a beneficiary of an estate, you rely on the estate’s executor to perform his or her duties in accordance with the probate laws. Unfortunately, however, executors don’t always act in accordance with the law. In this article, we discuss whether you can sue an executor for mismanaging an estate.
How Probate Affects Life Insurance Policies
One type of asset many people have when they pass away includes life insurance policies. People take out life insurance to provide their loved ones with financial assistance after they pass away, including help with funeral/burial costs and making up for the loss of the decedent’s income and monetary contributions to the...