The estate of a Pacific Palisades man who died last summer without a will is making news. However, it’s not because family members are battling with each other over his money (some $250,000 in cash alone) or other assets. The story has garnered media attention because the family has announced that it plans to destroy […]

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Elderly people, particularly those who are physically and/or mentally compromised, can be vulnerable to many types of abuse, including financial abuse. Sadly, this type of abuse often is perpetrated by family members, caregivers and others close to the person. Sometimes it comes at the hands of strangers who know that elderly people are more likely […]

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People often associate the word “conservatorship” with those who have been deemed incapable of handling their own money. In fact, a court may also agree to a conservatorship for people who are not able to properly care for themselves in other facets of their life, such as food, housing and medical treatment. Back in 2008, […]

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It isn’t uncommon for a parent to name one of their children or another responsible party as the executor of their estate. In cases such as these, this individual is the representative of their assets and heirs. Under some circumstances, this role could be considerably complex and encompass many years depending on what’s involved with […]

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In a number of our posts, we have talked about inheriting property. Indeed, most of them have been in the context of celebrities leaving large sums of money and properties to their heirs, but that doesn’t mean that properties are not left to regular, everyday people.  In fact, it is estimated that thousands of homes […]

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Anecdotes of heirs misusing or completely blowing their inheritance are sadly not that difficult to find, and the implications of these stories can be especially troubling for people in California who are considering what to leave behind. However, this does not always have to be the case. By creating a trust for an inheritance, individuals […]

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A trustee in the state of California has the responsibility of managing property in a trust that has been established for an individual’s beneficiaries. The trustee is required to adhere to the requirements that the creator of the trust, also known as the settlor, mandated. Trustees are required to preserve and protect the trust’s assets. Trustees have […]

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Los Angeles residents with high-value estates may be interested in the latest court filing by the executors of the Lou Reed estate. This filing outlines the value of most of Reed’s property, though some high-value assets have been left out. On Oct. 27, 2013, former Velvet Underground singer Lou Reed passed away at age 71 […]

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Many people may not understand the importance of a health care directive or a living will. More people may not understand the difference between the two. Essentially, a health care directive allows one make specific rules about his or her care in the event they become incapacitated, cannot speak or cannot make decisions on their […]

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On Behalf of The Probate House L.C. | Feb 20, 2014 | Trustees Executors & Fiduciaries | Trusts can have significant benefits for Los Angeles individuals with defined goals for estate assets. During estate planning, the creation of a trust must be balanced with the costs of establishing the document and maintaining the trust, in the present and the future. Let’s […]

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