Who will receive your retirement savings when you die? Will it be the heir named in your will or the forgotten beneficiary you chose years ago? If you believe a California will trumps a beneficiary designation, think again. The most carefully designed and tended estate plan is flawed if beneficiaries are not updated. When you opened the […]

Posted in Estate Planning | No Comments »

The totality of what you own is your estate. Sometimes, Los Angeles residents feel assets don’t need estate planning attention until later in life. After all, when you’re a young California adult, a lot of what you earn is burned up in expenses like college tuition, buying a vehicle or getting married. It can take […]

Posted in Estate Planning | No Comments »

Aging California parents frequently choose a loved one, often an adult child, to handle personal finances when they no longer desire or feel competent to make wise money decisions. You might start out informally by using a parent’s PIN code to make an automatic teller transaction or step in to reconcile a bank statement. Money […]

Posted in Trustees Executors & Fiduciaries | No Comments »

The loss of a loved one is a highly-stressful event. Someone, often a close family member, also may be responsible for the settlement of the decedent’s estate. An attorney’s input is useful, since some legal issues require attention even as survivors struggle to manage their grief. The first step is to learn what power you […]

Posted in Estate Administration | No Comments »

The age of maturity isn’t the same for all individuals and can differ by years from the age of majority or legal adulthood. Los Angeles parents who plan to leave their children a substantial inheritance often worry how assets will be handled once the children get them. Estate planning allows parents to have control over […]

Posted in Estate Planning | No Comments »