Redding, California, Law Blog
If you are concerned about saving your family the lengthy probate process in California, consider a pour-over will when setting up your estate. While the process requires your assets to go through probate at your death, it stops intestate succession from occurring. It...
If you've been named an executor of an estate, be aware of the potential pitfalls of your role. While it's an important responsibility, it can also be time-consuming and emotionally taxing. Here are the top five hazards of being an executor and how to avoid them:...
California residents setting up their estate plans might be looking into setting up a trust for their loved ones. Trusts give a certain amount of protection from probate and estate taxes and make it easy to pass along assets. Many California residents might turn to a...
Many entrepreneurs know that setting up their businesses as a limited liability corporation, or LLC, can provide significant tax advantages while also protecting assets. But did you know that structuring your family business in California as an LLC is a valuable...
Estate plans are helpful, but they won’t always be enough to avoid California probate altogether. There are certain rules and restrictions that mean certain assets or whole estates are legally required to go through probate. What assets have to go through probate?...
Many California adults don't have an estate plan. While it's understandable that many people prefer not to think about death, the lack of an estate plan often results in severe stress for family members after someone dies or can no longer make decisions for...
Establishing an estate plan is a good way to be proactive for your California beneficiaries and their future. A trust is one of the most important legal tools you can use. These are some of the major benefits of such a document. Avoiding probate Although having a...
Finances and mortality are two of the most challenging things to bring up and discuss productively with the ones you love most. But these are essential conversations to have if you want an estate plan in California that is airtight and fully understood amongst all...
When someone dies, their estate is distributed among their heirs in accordance with the will or trust. If you are an heir, it is important to know your rights to ensure that you receive your fair share. The right to information You have the right to receive...
Estate planning does not involve writing a last will and testament exclusively. There are other documents, including power of attorney forms and living wills, that the planner could compose. Then, some financial decisions allow for the transfer of money or assets...
