When most people think about estate planning, they often think about will drafting and asset distribution, which is true. The main function of an estate plan is so that testators can have their last wishes fulfilled. However, estate planning can be much more than...
A trust is a legal document that allows people to distribute assets according to their instructions without causing beneficiaries to go through probate or disputes. A revocable trust is one of the more common kinds of legal documents. Grantors can alter revocable...
Estate planning is a process that allows people to instruct how their estate is handled in anticipation of their passing. Estate planning has a lot of moving parts, which can be confusing when the testator has been misinformed about the process. Common estate...
When you're putting your estate plan together, one of the biggest decisions you have to make is who to name as your executor. Since the executor is the person who will be in charge of your estate as it goes through probate, you want the job to go to someone you trust...
You may have started your company with the vision of passing it on to your family members. Perhaps you even inherited the business from a family member yourself. In any case, passing the business on to future generations is possible, but it can be challenging....
Disputes and conflicts sometimes lead to litigation. If the parties involved cannot agree with one another, they may want the courts to intervene. However, it can be very frustrating to wait to have a hearing in civil court. Many parties embroiled in a conflict will...
Taxes are often among the financial obligations people must settle during estate administration. In fact, tax responsibilities take priority over numerous other financial obligations during the probate process in California. Tax authorities have a stronger claim to...
The Medi-Cal program provides benefits to those who are eligible, focusing on providing low-cost health coverage or free coverage. Essentially, this is a way for those in difficult financial situations – such as those in low-income households or pregnant women who...
Family limited partnership sounds like one of those dry, financial terms that make you think of dusty ledgers and boardroom tables. In reality, it’s a handy tool for families looking to keep their business and assets intact across generations, while steering clear of...
You may be somewhat relieved to find a will in your loved one’s home after they passed away – especially if you feared they never got around to writing one. But what if you find more than one will? That’s the dilemma a lot of families face. Often, when there is more...