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Biddle Law Estate Planning Blog

Friday, September 18, 2020

Should You Change Your Estate Plan When You Move to California?


From finding a place to live, to changing your driver’s license, there are many things that you may want to consider when you move to California. However, one thing that you should consider that you likely haven’t is whether you should change your estate plan.

When you move to California it’s important that you take into consideration the fact that California’s laws are different from those of many other states (and countries). Therefore the language in or the structure of your current Read more . . .


Friday, August 14, 2020

5 Components of Your Estate Plan to Focus on in Light of COVID-19


There’s no doubt that the global landscape looks very different these days in the shadow of the coronavirus pandemic. With great feelings of uncertainty, you may feel the need to ensure that your orders are in affair. To help bring you some peace, here are 5 components of your Read more . . .


Thursday, July 16, 2020

The Do’s and Don’ts of Beneficiary Designation


When you pass away it’s important that your assets go to the correct recipient(s), as in those whom you designate. But what may be surprising is that despite how important it is for the right person or entity to receive your assets, many people fail to give much thought to their beneficiary designations.

Beneficiary designation is important because your beneficiaries may be entitled to a lot of money. Your beneficiaries will receive proceeds from life insurance, retirement plans and pay-on-death accounts.

In order to assign a beneficiary, you can use a beneficiary designation form since these assets will pass to the individual by contract.
Read more . . .


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 . . .


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