Results-Oriented: Creative, Strategic And Skilled Legal Techniques
Agents sell reverse mortgages to seniors who need money to meet their living expenses. When the senior dies without paying the reverse mortgage, the heirs generally have between one and six months to turn the home over to the mortgage company or pay off the loan...
When a resident of California dies, their estate is subject to federal taxes. The federal government determines how much this amount is based on the value of the estate. When a person creates their estate plan, they can take measures to ensure that taxes are lower to...
After someone you love dies, you may receive an inheritance as a final gift. Gaining financial stability through inheritance is a unique opportunity. As with any windfall, it may cause stress. Mismanagement won't improve your financial health, and overextending...
If a deceased person leaves behind a will, they will choose an executor for their estate. If no will exists, a California probate court appoints an executor. This person takes on the financial responsibility for sorting the estate's debts and assets. Fiduciary duty...
Probate is the legal process in California, that oversees the settlement and distribution of the assets in a person's estate after death. This process guides the legal acceptance of the will and formally recognizes the executor if the estate documents have already...
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...