Archive for 'Estate Planning' Category
Dec 30, 2014

California couples often make big plans for the future during the initial year of their marriage but do not think in terms of estate planning. Without realizing it, they may be costing themselves vital opportunities to secure a stable future for their incipient family and accumulating property should something happen to them individually or as […]

Dec 29, 2014

Residents in California may understand the importance of a will, but many may for get to keep the documents updated. There are specific events in life that should trigger a review of their last will and testament to ensure it still reflects their final wishes. If it needs to be updated, making changes soon after […]

Dec 18, 2014

Some Los Angeles residents may have experience in dealing with various complications related to estate planning. Although estate planning can be one of the most important subjects for families to discuss, it is often neglected. Moreover, even in cases where families act to secure their respective estates, the process can still be derailed by various […]

Dec 12, 2014

California law recognizes the validity of holographic wills for any residents of the state. A holographic will is a handwritten document in which the testator describes their preferred disposition of the estate after their passing. So long as the will follows the specific previsions of the law, the court will consider it to be valid. […]

Nov 18, 2014

A trust may be a worthwhile estate planning tool for many people who live in California. As a general rule of thumb, anyone with a net worth of $100,000 or more may benefit the most from a trust. They may be even more effective for those who also own a business, want to care for […]

Oct 30, 2014

When someone wants to become a guardian of a child in California, they typically do so by filing a petition with the court. Other relatives of the child must be given notice in addition to the parents if they are living. If either one of the parents object, the court will hold a contested hearing […]

Oct 20, 2014

In drafting a will, a California resident may wonder whether all assets and belongings are covered by the document. In some cases, an individual might choose to clarify designations already included in assets such as life insurance policies and retirement plans. In other cases, there might be a concern about whether articles held in joint […]

Oct 14, 2014

People in California who save for their dependents’ college tuition in a Section 529 college savings account are able to accumulate tax-free accounts. This is a major factor for why people choose this type of account, but what many people might not realize is that these accounts are also beneficial during estate planning. Contributing small amounts […]

Oct 7, 2014

A California resident may wonder about the preparation of a living will, which is a written expression that indicates how someone wants to be treated in given medical situations. An individual may detail wishes for or against life-sustaining measures. Similarly, preferences for tube feeding and other means of providing hydration and nourishment may be expressed. […]

Sep 22, 2014

Probate is a process of distributing assets to beneficiaries upon the death a person. The process is started and organized by the executor named in the deceased person’s will or possibly by another family member if there is no will. The probate court will work to resolve disputes between family members, and the final disbursement […]