Estate Plans

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.
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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 . . .

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.
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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 . . .

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.
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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.
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Q: Are their benefits to designating a charity as my IRA beneficiary?

Everyone wants to save money but most people don’t realize that hiring a skilled San Mateo estate planning attorney who understands how to minimize or eliminate estate taxes can save their estates – and consequently their beneficiaries – big time depending on their particular circumstances.

And you don’t necessarily need to be high-net-worth individuals to take advantage of these estate tax planning benefits.
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Sometimes the individual who was responsible for causing you injury may pass away before you have the opportunity to bring suit for damages. So what can you do if this happens? You have the option of bringing suit against a deceased person’s estate. However, in the state of California, this is not always the easiest task. 

Claimants Must Act Quickly When Dealing with a Decedent’s Estate

In most state cases, those interested in bringing suit against a deceased person’s estate must first file what is called a creditor’s claim, before they are able to proceed with bringing a lawsuit in Superior Court. Since claimants only have a one-year statute of limitations under California Code of Civil Procedure section 366.
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Marriage is an exciting new journey; one that brings with it a series of new hopes, dreams, and goals for the future. Many of these goals you will make together as you begin your new life. You may think about opening joint bank accounts, filing joint taxes, buying a home, and more. But what many newlyweds don’t think about is making an Read more . . .

It is certainly a good idea to create and regularly review your will with an experienced estate planning and probate attorney. In it you are able to share your wishes for what you would like to happen after you pass away, including who you wish to inherit which assets.
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Most headlines surrounding celebrities are filled with drama and often possible misrepresentations. So, it was not likely a surprise to read that the late actor, Burt Reynolds, reportedly left his son, Quinton, out of his Will when he did his estate planning.
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