What to Do If You Receive A Substantial Windfall

If you win the billion-dollar lottery or receive some other massive inheritance, there are certainly some steps you can take to protect yourself and avoid some of the mistakes of other people who have received a massive windfall and have lost it all. Some experts in the financial industry recommend that the first thing you… Read More »

Are You Making This Mistake with Your IRA Trust?

Did you know that an IRA trust, if not properly structured, could become a disaster in terms of estate planning? Congress is currently considering eliminating the stretch IRA, which means that your financial advisors and estate planning professionals will need to rethink IRA trust estate planning. On May 23rd, the new SECURE Act was passed… Read More »

Is There A Time Limit for Contesting A Will in California?

It is recommended that if you believe you have grounds to contest a will, that you initiate this claim with the courts as soon as possible. California enables will contest to be filed on numerous different grounds by interested parties who can be creditors, heirs or beneficiaries named in the will. In order to initiate… Read More »

What Is Community Property in California?

The process of California estate planning might seem overwhelming if you’ve never done it before or if you’ve recently relocated to the state and are curious about whether or not your existing estate planning documents will do the job if and when you become incapacitated or pass away. One common question that emerges and is… Read More »

What Happens Without a Will in the State of California?

Your assets go to your closest relatives under California law in Pasadena per the intestate succession rules. Only assets that pass through your will are included under intestate succession laws. Examples of those that do not go through your will include life insurance proceeds, retirement account funds, property transfer to a living trust, payable on… Read More »