There may come a time after you have passed away that the personal representative appointed to your estate may need to sell real property. If you’ve already been appointed as a personal representative, you also need to know about all the rules for holding and preserving this property, what it can be sold for, and… Read More »
Blog Posts Page 4
What Does It Mean to Disclaim an Inheritance?
Leaving behind an inheritance for a loved one might have good intentions, but it may not always be the case that the recipient wants those assets. There are many reasons why someone may not want to accept an inheritance given to them. Whether through intestate succession, through the terms of a will or through the… Read More »
Can Someone Be Removed as a Personal Representative In California?
A person who was appointed as a personal representative of an estate has the responsibility for handling many different estate administration expenses. This is why it is so important to consult with the person who has been selected to serve in this role to verify their level of comfort in taking it on. Because of… Read More »
Don’t Forget Alternate Beneficiaries And Executors
When you create your estate plan, you put a lot of time and consideration into the important people who are named in that plan. This includes naming guardians for your minor child, a power of attorney agent, trust beneficiaries and the executor or personal representative who is responsible for carrying out your wishes after you… Read More »
Stuck on How to Plan for Your Estate? Ask These Questions First
It can be overwhelming to try to create an estate plan from scratch. You might have some general goals or you might not know at all what you want to achieve and include. However, you don’t have to do this process alone. Working with a Pasadena estate planning lawyer can cut through some of the… Read More »
Are You a Baby Boomer with Substantial Wealth? Time for an Estate Review
Trillions of dollars are expected to be subject to transfer in the next few years due to aging baby boomers. It is crucial for all Americans, both those who own these assets and those who may be in a position to inherit them, to understand the importance of estate planning. Whether or not people prepare… Read More »
What Is the Difference Between An Inheritance Tax And An Estate Tax?
Every estate plan and gifting strategy should include considerations of tax implications for your heirs and also for your estate, where applicable. Leaving behind assets for your loved ones in your estate plan is a powerful and thoughtful move but it doesn’t come without potential consequences. When a loved one passes away, surviving family members… Read More »
The Importance of Being Deliberate with Estate Planning
Estate planning gives you the opportunity and often the flexibility to be able to choose what happens to you during your life and what happens to your assets after you pass away. But without deliberate and intentional estate planning, it can be difficult to accomplish these goals. Leaving unclear or confusing instructions behind when you’re… Read More »
Is A Living Trust A Family Trust Right For Your Assets?
Working with an attorney, it should be your top priority whenever you are creating a trust for the purpose of estate planning purposes. A knowledgeable estate planning lawyer can help you to document your wishes and to ensure that they are protected in the right kind of trust. One of the most common estate planning… Read More »
Do I Need a Lawyer to Draft a Will?
Your will is the foundation of your estate plan, as it directs what happens to your property after you pass away. You can also use your will for other goals, such as naming a guardian for your minor children and naming the person who will handle administration of your estate. Although you are not required… Read More »
Four Ways A California Elder Lawyer Can Help You
Elder law attorneys have experience in many different facets of estate planning law but focus specifically on helping elderly individuals and some of the challenges they may face in the process of aging. Elder law attorneys are often instrumental not just in helping individuals, but with family for exploring the best options for a loved… Read More »
How Does An Elder Lawyer Help With The Estate Planning Process?
Many people are confused or even frustrated by the process of planning and estate in California, still others may believe that they don’t need an estate plan at all. There are many different things to consider, but the possibility of passing on assets to your loved ones is a reality. If you have not yet… Read More »
Do I Need a Living Will and Healthcare Power of Attorney?
Estate planning means thinking about what happens if you’re incapacitated and who will be responsible for carrying out your wishes in possible healthcare emergencies. While these are difficult topics to think about, they are also important. Both a California living will and a healthcare power of attorney can help to guide advanced care planning for… Read More »
Research Shows Most Americans Are Not Prepared For Costs Of Long Term Care
What happens to your finances if you need to stay in a nursing home or other care facility? Most people hope that they’ll never be put in that situation, but it’s important to plan for the possibility nonetheless. The cost of a disabling event or a stay in a long term care facility can catch… Read More »
Do I Need a Durable Power Of Attorney For Finances Created Before Surgery?
Going into surgery raises many questions for plenty of people. If you haven’t yet done your estate planning, this can be a great reminder of the benefit of some basic estate planning documents in place. Consulting with a qualified lawyer is one of the best ways to protect your rights and ensure that you have… Read More »
Why Work Directly with An Attorney on My Estate Plan in California?
It might seem like the easiest possible solution to creating your estate plan is doing it by yourself online. However, this poses a number of problems, such as making mistakes in your estate plan that could render documents invalid. Seemingly simple mistakes might not be discovered until you’ve passed away, leaving your loved ones to… Read More »
What Is a Spendthrift Trust?
There are many reasons why you might wish to establish the use of a trust in your estate plan in California. Consulting with a qualified lawyer is extremely important for creating a trust that is aligned with your individual needs. This is because not all trusts are created equal, and you need to have a… Read More »
If I Pass Away Will My Estate Automatically Pass to My Spouse?
There are many different unique considerations associated with preparing an estate plan in California. Working with the right Pasadena estate planning lawyers can make a big impact on your ability to move forward and to protect your desires in your estate planning purpose. It is not necessarily the case that your spouse will automatically receive… Read More »
Is It Possible to DIY Estate Plan For A Child With Special Needs?
An adult with special needs likely relies on government programs and benefits to cover expenses. These are a crucial financial support system for a person with disabilities that could accidentally be compromised without proper care given to estate planning. Many people have questions around the best way to protect a beneficiary, such as a minor… Read More »
What Is the Difference Between An Irrevocable And A Revocable Beneficiary?
Life insurance policies require that you name at least one person entitled to receive the assets inside the policy when you pass away. This is known as your beneficiary, and it overrides what is stated in your will. This makes it extremely important to think carefully about your named beneficiaries. An irrevocable beneficiary is someone… Read More »
