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Biddle Law Estate Planning Blog

Thursday, June 11, 2020

What You Should Know About Estate Planning in the Age of COVID-19


There’s no doubt that it’s an extremely scary time for many people. In the age of COVID-19, the idea of becoming sick and unable to make decisions for yourself and your family is terrifying. However, you can help to alleviate some of these fears by establishing a comprehensive Read more . . .


Monday, May 11, 2020

How Do You Revoke A Revocable Trust?


A revocable trust is a legal document that allows the person who creates it, known as the grantor, to manage its assets and to maintain the right to alter the trust or its beneficiaries at any time during his or her life. This “living” trust (as it’s often called) is commonly leveraged in order to transfer assets to the trust’s heirs in order to avoid the probate process, which can be long and costly.
Read more . . .


Monday, April 13, 2020

What Happens When a Will and a Trust Contradict?


You have probably heard a lot about both wills and trusts. While they are separate legal documents, they are both used to help create a comprehensive estate plan.
Read more . . .


Friday, March 6, 2020

CA Residents Should Consider These Estate Planning Tools


When we think of estate planning and protecting our assets, we generally think of having a will. However, while a will is an extremely important legal document in your estate plan, it is not the only one that should be considered. A comprehensive estate plan generally includes various legal documents. Here are the Read more . . .


Thursday, February 6, 2020

Estate Planning for Same-Sex Couples


Many people find estate planning to be somewhat confusing, but for same-sex couples it can seem quite complex – regardless of whether or not they are married. The good news is that estate planning for same-sex couples does not have to be so complex or confusing.
Read more . . .


Tuesday, January 7, 2020

What to Know About Living Trusts


When a loved one passes away, the oft-drawn out probate process commonly results in increased expenses. This is the last thing that you want your heirs to go through when they are grieving such a loss. To contend with these issues, living trusts are often created.

A living trust is a legal document, often used as part of a comprehensive estate plan, that allows you to assign ownership of your assets to the people you so choose. A trustee, who you will assign, is tasked with overseeing the distribution process and ensuring that your wishes are properly carried out.
Read more . . .


Tuesday, December 17, 2019

What to Expect If Your Parent's Estate Goes to Probate


The loss of a parent can prove all-encompassing. When you are processing the loss of your mother or father it can be an extremely emotional time. While you are trying to move forward, the last thing you likely want to have to worry about is what is supposed to happen to their estate and you most definitely don’t want to have to deal with the Read more . . .


Tuesday, November 5, 2019

Adoption and Inheritance Rights in CA: What to Know


When individuals die without a will (intestate) the state has a certain order in which it provides the decedent’s assets to particular individuals. For example, when someone dies intestate, their property will generally transfer equally among their children (should they have any). But what about children who are adopted? Can the same be said for them? What are their rights? Here’s what to know about adoption and inheritance rights in California. 

In the state of California, adopted children enjoy all of the same rights as their biological counterparts do concerning their inheritance rights. Adopted children may inherit from their deceased adoptive parent or they may inherit from someone else through their deceased adoptive parent.
Read more . . .


Wednesday, October 9, 2019

What Is a Special Needs Trust?


We execute estate plans so that during our lifetime and upon our incapacitation or death we can best provide for our loved ones and ourselves. A big reason for this is to be sure that we can provide for our loved ones after we have gone. This is even more important when we have a child or loved one who is disabled. 

The government treats all individuals with disabilities as adults once they turn 18. However, an individual who becomes disabled prior to the age of 22 is entitled to receive Social Security Income (SSI) benefits as long as the worth of their assets remains under $2,000 and their income remains lower than the amount of money they would receive in SSI benefits.
Read more . . .


Thursday, September 5, 2019

What Happens If Someone Dies Without a Will in California?


We all know that it is important to have a will. Whether it’s because we don’t want to think about our own mortality, we don’t have the money, or we just flat out don’t get around to it, sometimes people die without a will. When someone dies without a will, it is called intestate. So what happens to someone’s estate when they don’t have a will?

When someone dies intestate, the California probate estate must be administered, distributing his or her property. Their assets will go to the deceased’s closest relatives under California’s intestate success laws.
Read more . . .


Wednesday, August 7, 2019

What You Should Know About Probate


Losing a loved one can be hard. But when you add in having to deal with their estate it can get extremely difficult and often overwhelming – especially if it goes to probate.

Probate is the settling of an individual’s estate by a court-appointed executor. Although it can be simpler if the estate fits within a certain tax bracket, when it does not it can require a long, often expensive court process, sometimes lasting years. 

Can You Avoid Probate?

If the executor is able to prove that all debts have been paid by the value of the estate and there are no significant debts remaining, probate can be avoided.
Read more . . .


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