Debt can be complicated when someone passes away. We have previously discussed the fact that many minor debts have to be paid off by the estate executor. For instance, they may need to pay property taxes or pay off credit cards. This debt is not inherited by the adult...
Knowledgeable Advocacy For All Aspects Of Estate Administration, Trusts And Conservatorship Matters
Year: 2024
4 reasons why you should not neglect digital estate planning in California
Estate planning can help to provide insight into how you want your estate to be distributed and managed after your passing. Most estate plans exhaustively cover tangible assets such as real estate. However, a digital estate, which comprises online accounts, digital...
2 crucial functions of a will
There are numerous estate planning documents that can be utilized, but most estate plans start with a will. In California, a will has to be created by someone of sound mind, over the age of 18 and the will must also be in writing. What are the key functions of a will?...
4 things to know as a beneficiary
Losing a loved one can be devastating. You may not have the capacity to deal with other matters. While this is understandable, it's crucial to be alert once your loved one's will goes to probate. The estate's executor will inform you that they have filed a petition...
Administration of a digital estate: The basics
Managing the digital footprint of a deceased loved one has become an increasingly common part of estate administration. A digital estate can encompass a wide array of online assets, including social media accounts, digital photographs, emails, online banking accounts...
Why update your estate plan when you divorce or remarry?
When life takes unexpected turns, such as divorce and remarriage, it’s crucial to reassess various aspects of your life, including your estate plan. Your estate plan should be a comprehensive document outlining how your assets will be distributed upon passing and...
What is a power of attorney?
There are a lot of features that you can include in an estate plan. Your will helps instruct how your assets are handled after you pass away. You can name an executor responsible for distributing assets and settling your estate. You can also include a child guardian...
What does an executor do?
Estate planning largely involves setting up legal documents that provide instructions on how your assets should be distributed upon your death. These documents don’t do all of the work, though. You’ll need to designate key people, such as an executor, to carry out...
Common sources of inheritance disputes
It’s a stressful time when a loved one passes away. Unfortunately, this can be heightened by disputes over inheritance. Disputes over inheritance happen when interested parties disagree with how the estate is set to be distributed. What are some of the most common...
When do California testators need to plan for estate taxes?
Estate planning can be a very complicated process. People need to consider a variety of important details, including the value of their resources and the state of their relationships. Testators in California generally aspire to leave as much of their property for...