Bay Area Estate And Tax Planning Law Firm
One of the primary tasks that an estate plan accomplishes is to pass assets down to the intended beneficiaries. This can be done in the will, but there’s also an option to establish trusts. All trusts are classified as either revocable or irrevocable, and the...
Most of us believe in something. Some strongly believe in a particular god or collection of gods, while others pointedly believe that no such thing exists. Whatever beliefs you hold dear, it’s likely you want your estate plan to reflect them. If you don’t cover these...
Estate administration is a complex process. The personal representative named by the decedent or appointed by the California probate courts has to secure estate resources and review financial records. They need to provide the courts with a copy of the will and an...
When it comes to disputes over a parent’s estate, siblings are usually the ones fighting. Sometimes, unresolved childhood rivalries can resurface during estate distribution. In other cases, some siblings may feel more entitled to a bigger share because of their...
An executor plays a crucial role in managing and distributing a deceased person's estate according to their will. This individual holds a fiduciary responsibility, meaning they must act in the best interest of the beneficiaries and manage the estate with care and...
Creating a trust is a powerful tool for managing your assets during your lifetime and beyond. It offers you control over the distribution of your property and can provide peace of mind for your family's future. Understanding how a trust can benefit you and your loved...
The only constant thing in life is change, and you need to prepare for that fact. One way to prepare is to have an estate plan. This plan gives you peace of mind, knowing your wishes will be followed, no matter what life brings. However, creating an estate plan isn't...
Individuals who have close relationships with those planning their estate and those acknowledged as responsible by their loved ones could end up serving as the fiduciary of an estate. Both personal representatives assisting with estate administration and trustees...
Choosing a trustee is one of the most crucial decisions you'll make when setting up a trust. This person will manage the assets you've worked hard to accumulate, ensuring they're used as you've intended. But how do you choose the right person for this significant...
Creating a will means planning ahead to avoid family disputes. A no-contest clause, although it seems straightforward, is a complicated legal tool that can either help enforce your wishes or unintentionally cause disagreements. Discouraging legal disputes and ensuring...