Knowledgeable Advocacy For All Aspects Of Estate Administration, Trusts And Conservatorship Matters
Technically, an individual does not have to do anything if assigned as a beneficiary to a trust. However, a beneficiary’s inactive participation in the trust’s monitoring may put the trust assets at risk of mishandling and improper management. When this happens, it...
In the event of your incapacitation or death, you would prefer to have your affairs in order. A comprehensive estate planning process ensures that your wishes regarding seamless management and distribution of your wealth among your rightful survivors are honored. It...
Probate is a long and expensive process of transferring a person’s property and assets upon death. The probate process would be the default in California unless the deceased took other estate planning measures, such as creating a living trust or establishing joint...
When you hear about charitable trusts, you might initially think this tool is about donating to a charitable organization with no returns. But there is more to a charitable trust than you think. A trustor can still benefit, directly or indirectly, from a charitable...
With or without a will, the assets and properties of a deceased individual will undergo probate and estate administration. The difference is that the testator’s wishes will take precedence if there is a will. If there is none, the courts will decide on the...
Will contests are common when it comes to the probate process. Wills involve immediate families, relatives, beneficiaries and other interested parties, and it is not surprising that there are disagreements regarding the estate property distribution. One dispute that...
Establishing a trust is one of the ways you can approach estate planning. The owner of the trust is the grantor, and they appoint a trustee. A trustee can be a family member or close friend but consider hiring a professional or an organization with no personal stake...
Estate planning could involve many steps, such as drawing up power of attorney documents and writing a will. There are other matters that California residents may consider, including designing a trust. The planner could choose a revocable or irrevocable trust. Knowing...
In the state of California and most other jurisdictions, one of the most important individuals in the probate process is the estate executor. If you are likely to be the executor of a deceased person’s estate in the future, it’s essential to understand what duties...
California business owners are familiar with an LLC is and how it can help their business. A limited liability company (LLC) is a business structure that blends aspects of partnerships and corporations. Turning your business into an LLC gives you a lot of legal and...