Probate is sometimes an unavoidable and lengthy process in which the court makes final decisions about someone's estate in the wake of their death. While probate can take a long time, holding up the inheritance of many beneficiaries, there is a limit on the length of...
Estate And Tax Planning Law Firm
Estate Planning
What are the fiduciary duties of an executor in California?
A lot of responsibility goes into being the executor of a California estate. Oftentimes, it can be hard to decipher what all goes into being an executor - people rarely do it twice. What are fiduciary duties? Fiduciary duties are responsibilities that are passed on...
Learn the basics of estate planning
California estate planning usually starts with you creating a will that establishes what each beneficiary will receive from your estate as their inheritance. Wills help families avoid the confusion, anger and hurt feelings that might otherwise arise. An income-earning...
An Irrevocable Life Insurance Trust in California
A life insurance trust could be essential to a California estate plan. When someone purchases a life insurance policy, they likely hope the payout will help the beneficiaries deal with financial concerns after losing a supportive loved one. However, tax implications...
Important qualities when choosing a power of attorney
One of the most crucial decisions in California estate planning is designating a Power of Attorney (POA) to handle your medical, legal and financial affairs. You’ll want to choose someone with experience in these fields or the necessary qualities to handle...
Securing the financial future of a loved one with disabilities
When you're caring for someone who has special needs in California, it's rarely easy to form a financial plan that extends too far into the future. Most of the time, just keeping up with the day-to-day expenses is a significant accomplishment. But if you're able to...
Beneficiary mistakes to watch out for in California
There are many things to consider when estate planning. One of the most important is who will receive your assets after you die. Unfortunately, many people make mistakes when choosing their beneficiaries, leading to estate litigation and other problems. Not updating...
The main types of tax incentives for charitable remainder trusts
Estate planning allows you to take care of your assets and beneficiaries in California. Some people want part or all of what they leave behind to go to charities. If you plan on donating a considerable amount of money to charity, it's good to know about charitable...
Startling statistics about estate planning
Anyone with a family, a bank account, pets, social media accounts or assets may want to create an estate plan. Dying without a plan in place results in the state determining what happens to your assets. For example, according to intestacy laws, California would...
Avoiding making these mistakes when updating your estate plan
Creating an estate plan can help California residents to prepare their estates for the future and protect their beneficiaries. However, it’s important not to make these mistakes when updating your estate plan documents. Forgetting to review your will A huge mistake...