Creating a comprehensive estate plan is extremely important in order to ensure that your loved ones will receive that which you want them to. However, creating an estate plan often isn’t enough to guarantee this. You must also update your estate plan over time in order to make sure that the correct people...
Accidental Disinheritance Continue reading…
What is a Common Trust?
There’s no doubt that having kids can be financially taxing. However, it’s important to note that not all children cost you the same amount of money. When you have multiple children, you likely want to ensure that your kids feel as though they are treated fairly and equally. For that reason, you may be...
Can You Inherit Favorable Tax Treatment for Real Property?
One of the benefits of purchasing real property is the fact that it will likely appreciate in value over time. But can you imagine having to pay a substantial amount more in taxes just because your home value increases? Here’s the good news: you don’t have to. Under California’s Proposition 13, your appraised property...
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What to Do for Your Loved One’s Estate After they Pass Away
After experiencing the death of a loved one, you may feel extremely overwhelmed without any sense of what to do next. That’s why it’s so important to have a list of steps that can help you to take care of the legal and financial matters of their estate. Here’s what to do for your...
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How Does a Power of Attorney Change When Someone Reaches 18?
Many young people look forward to turning 18 and entering into adulthood. Once they reach the age of majority, they are now legally able to vote, marry, apply for a credit card, live independently, and make financial and medical decisions. But what happens if someone reaches 18 and is injured in an accident, requiring...
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Digital Estate Planning in California
There’s no doubt that we do more and more online each and every day. So while we tend to think of our physical assets when establishing our estate plans, it’s equally important to consider your digital life. In other words, your estate plan should take into consideration what you would like to happen...
Digital Estate Planning in California Continue reading…
What Happens if a Trustee Refuses to Give a Beneficiary Money?
When someone sets up a trust, they appoint at least one trustee. The trustee is responsible for managing the assets of the trust for the benefit of the trust’s beneficiaries. Under California law, trustees are legally required to follow the instructions of the trust when distributing money and other assets.
In determining who should...
What Happens if a Trustee Refuses to Give a Beneficiary Money? Continue reading…
What Exactly Does “Personal Property” Mean?
While some think that personal property encompasses all property aside from real property, that’s not always true. In California the court will look at the specific language within a document and at times other evidence in order to determine the testator’s intent – exactly what property they intended to gift.
The best thing that you...
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What to Know About Probate Homes in California
The purpose of estate administration is to ensure that one’s real and personal property is properly distributed after they have passed away. This process to administer the estate is known as probate and is overseen by a probate court. So who administers the estate? An estate representative is responsible and may be named...
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What Is a California Spousal Property Petition?
When someone dies, their will must pass the legal process called probate. While probate can be helpful in ensuring that the will is verified and properly carried out, it doesn’t always account for what is supposed to happen to certain property, namely, surviving spouses.
According to California law, property may pass to a surviving...
What Is a California Spousal Property Petition? Continue reading…