Practical And Thoughtful Legal Guidance
A bank account for the estate of a California resident who passed away promotes transparency as the executor, also known as the personal representative, settles an estate's final affairs. The account keeps the income and expenses for the estate separate and produces a...
Assets such as a California home that are titled in your name at the time of your death are classified as part of your estate. Any items held in your estate will need to be probated. Probate is a process by which a judge confirms the validity of your will before...
Having a child can add a layer of complexity to your life whether it was planned or not. After you have processed the shock, joy or other emotions associated with becoming a parent, you are strongly encouraged to take a look at your estate plan. If you don't have one,...
Creating a California estate plan is a great way to prepare for your future. However, estate planning is an ongoing process. You might consider reviewing your plan at least once or twice a year. Certain life events will require you to update your estate plan....
The world of trusts in the state of California is a particularly complex one. It often involves dozens of potential considerations and a number of trade-offs. Conflicts over trusts and decisions regarding their implementation can take years. Unit investment trusts...
Planning for your estate in California can be daunting, especially if you’re single. To ensure that you have taken the right steps to ensure that your assets are appropriately handled in the event of death or disability, here are some tips to consider when estate...
Planning your estate in California is the best way to ensure the smooth transition of your assets. You want to ensure that your surviving spouse and children are cared for. You also want to preserve as much of your holdings as possible. There are several methods that...
In California, planning your estate involves important decisions about the best tools to accomplish your objectives. Commonly used tools like wills and trusts govern how your assets get distributed to your beneficiaries, and it is essential that you understand the...
In California, a spendthrift trust is an estate planning tool to help regulate your beneficiaries’ access to the assets or funds held within a trust. By choosing this type of trust, you can maintain control over how your assets get distributed while ensuring that your...
You can write your own will in California. However, a California will is only valid if it meets specific requirements. According to the 2021 Judicial Council of California Annual Report, 1,115 wills were contested in California in 2021. The best way to avoid having...