The last will and testament concern an individual's assets and how they will be distributed. A handwritten will is valid under California law if it meets minimal requirements. Known as a holographic will, it is an acceptable legal document that many testators use....
Probate refers to a legal process followed when settling the estate of a person when they die. During the process, the court appoints a representative whose role is to distribute the property to the descendants according to the law. In California, the personal...
When you set up a California trust, you get even more protection when it is irrevocable. This largely separates you from legal ownership of the assets for items such as Medicaid trusts. However, irrevocable usually means that the trust’s terms cannot be changed, and...
No matter how you arrange your estate, you might not be able to avoid probate for your loved ones in California. However, probate isn't necessarily a bad thing. During the probate process, a judge will make sure that your assets are distributed according to your...
After the death of a loved one, you might receive designation to be the executor of this person's estate. If you've been appointed to the role of an executor in California, it's understandable to wonder what comes next. Here are three important responsibilities you'll...
Throughout the estate planning process in the state of California, you need to specify an executor for your estate. This executor will be responsible for carrying out the terms specified in your will, such as taking the will to probate court, liquidating assets if...
California residents who are left out of the will of a family member may find themselves distraught. Whether you were told you would be included in the will or it was just assumed that you would be, it can be a surprise to find out that you weren't. It's important to...
Most people in California who are thinking about undergoing the estate planning process have many questions regarding the different documents. Some of the most commonly discussed documents are wills and trusts. One very beneficial type of structure to set up is a...
Transfer-on-death accounts are allowed in many states, including California. Using these accounts can make it possible for the loved ones of deceased individuals to avoid probate court. Understanding how TODs work and what benefits they offer can help families make...
Estate planning is important for virtually every person in California who has reached adulthood. This particularly is true if a person has started a family or has recently gotten married. When it comes to estate planning, with an eye ultimately to estate...