Results-Oriented: Creative, Strategic And Skilled Legal Techniques
A variety of reasons motivate people in California to establish trusts. In order to operate, a trust must have a trustee. This individual or institution oversees asset management and distributions to beneficiaries. The position involves a great deal of legal...
Trusts are a complex aspect of the estate planning process for many people in California. The person considering a trust must look at the purpose of that trust and where they want their money to eventually go in order to choose the perfect trust. Purpose of trust The...
When a person dies in California, the probate process can be long and expensive. For that reason, many people look to use legal instruments to pass assets to their heirs outside the reach of probate. One way to do that is to use a transfer on death account, or TOD...
A will outlines your wishes for how your estate will be managed and distributed after you die. However, if you die without this important document, there can be a crisis for your loved ones as they scramble to manage your estate without any guidance. Understanding...
Disputes might arise among siblings who are taken aback by the terms of a will. It's also common for siblings in California to feel that their assets have been unjustly allocated. What happens during a sibling inheritance case? Inheritances (including money, real...
In California, real property generally must be probated once the owner dies. Many people want to avoid the probate process because of the length of time it takes and the legal expenses involved. One way that people can avoid the probate process when they have real...
A common document used by many Californians is a power of attorney (POA). This legal document allows the principal to grant authority to another person to make financial and healthcare decisions for them when they become incapacitated and are no longer able to make...
California residents who own homes might want to consider giving those homes to their children. However, there are risks associated with this that should make you think twice. Potential tax issues If you give your child your house and then end up passing away, they...
The executor that has been appointed in a California will is in charge of taking care of the testator's unpaid taxes and other debts, followed by distributing the assets to the correct recipients. However, if an executor makes key errors, they can be potentially...
Anything can happen at a moment's notice that will change life drastically, and those without an advance directive often leave families in a bad situation following any personal calamity. If you haven't made a will yet, it's a good idea to do it so that the California...