California hospitals must consult with your next of kin if you become incapacitated or have an accident. The person the hospital contacts can make healthcare decisions since you cannot speak for yourself. However, hospitals must do this only if the state has a...
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Estate Planning
Wills and revocable trusts in conflict: What happens?
Some people in California who are planning their estate might decide to use both a will and a revocable trust. These tools have different functions and ideally will complement one another, but there are also situations in which the instructions in each one conflicts...
Problems for heirs inheriting a California home with a reverse mortgage
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...
Take care to recognize undue influence over your estate planning
When deciding what will happen with your estate upon death, you must have the capacity and freedom to make your own decisions. Unfortunately, in undue influence cases in California, someone can manipulate an individual into making estate planning decisions in their...
Advantages and disadvantages of revocable trusts
A revocable trust can be an outstanding estate planning tool under the right circumstances for people in California. You remain in control of your estate with a revocable trust, unlike an irrevocable one. There are other advantages and some disadvantages. Advantages...
What should every California estate executor know?
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...
What is a generation-skipping trust, and what are its benefits?
There are plenty of options for leaving assets and property to your loved ones in California. Among them is a generation-skipping trust. If you are interested in this option, it’s crucial to understand what it entails and the benefits it offers. Understanding...
Handling sibling inheritance issues
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...
Important things to consider while creating an estate plan
California is a great state to spend your life in after retiring. However, it is a good idea to think about estate planning well before you reach that milestone. Taking care of these matters might sound uncomfortable, but it doesn't have to be. With that in mind, here...
A living trust vs. a will
California is a state that's full of hard-working people. After working most of their lives, many people understandably want to protect their estate. If you are in the process of doing so, you may have heard about wills and living trusts. With that in mind, here's a...