Avoid Probate with These Five Simple Steps

Are you interested in keeping your estate out of the public record and ensuring that the distribution of assets moves through smoothly? Probate is expensive as well as time consuming, which is one of the top reasons why people schedule consultations with Pasadena estate planning lawyers to discuss how to avoid it. A properly structured… Read More »

Is Probate Always a Negative?

Many people incorporate the estate planning process early on to avoid probate. That is because matters that are processed through probate, such as anything inside your estate outside of annuities, retirement accounts, life insurance, jointly owned property and anything you place inside a trust or another similar vehicle, is viewable via the public record. The… Read More »

What Are the Benefits of Avoiding the Probate Process?

If you spent any amount of time researching your estate planning, you have probably come across the concept that most people engage in estate planning with at least a secondary goal of avoiding the probate process. Although many people have heard this general advice that it’s a good idea to avoid probate court, you might… Read More »

Tips to avoid probate

When you die, your assets go through a process that covers settlement and distribution in accordance with your will. This is called the probate litigation process and is managed by the courts. But probate is time-consuming and costly. It can take up to three years. And it is public. You can avoid probate, however. A… Read More »

Three Myths About Trusts

Many people misunderstand how trusts work. And there are three common myths about trusts that should be dispelled. The three myths, according to a story on dailyfinance.com, are: Trusts only make sense for the rich. People also think trusts are so expensive they only make sense for the rich. The truth is that while trusts… Read More »

How Is An Estate Probated?

Yesterday we discussed when an estate must go through California probate. Today, we will talk about how an estate is probated. While every situation is unique, here are the basic steps involved in probating an estate: 1. In most cases, the person requesting appointment as personal representative (executor or administrator) hires an experienced probate lawyer… Read More »

Quick and Easy Ways to Transfer Property Immediately at Death

Perhaps the most convenient way to transfer property is simply registering the asset you wish to transfer as “transferrable on death” or “payable on death.” In California, a person can complete a transferrable on death registration form indicating who should receive the account or asset once the account holder is deceased. Payable-on-death designations in savings… Read More »

What Happens When an Executor Goes to Probate Court?

When one winds up in probate court, there is one saving grace: the Independent Administration of Estates Act (IAEA). This Act is quite helpful to executors because it permits them to take care of estate issues without obtaining formal approval from the probate court. This means fewer court appearances, calls, and less documentation in administering… Read More »

Avoiding Probate 101

Much of estate planning regards how to keep loved ones from going through the burdensome and time-consuming process of probate administration. In California, three popular means exist to keep assets out of the probate process. They involve harboring assets in a living trust, titling property as joint tenancy, or titling property as survivorship marital property…. Read More »