Some California individuals and families that contact experienced estate administration attorneys do so forearmed with a fair bit of relevant knowledge and an attendant appreciation concerning a need to timely act.Estate planners obviously appreciate that. It makes...
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Avoiding family feuds is possible with a good estate plan
When you have several heirs and people who could potentially question your will, the best thing you can do is to create a strong estate plan and to discuss it with those who are to benefit from it. You may already understand that estate plans are there to provide...
3 difficult scenarios that may arise when inheriting property
Real estate is an unusual asset for a variety of reasons. Properties can take up a significant portion of a decedent’s wealth while also being complex to liquidate or divide. A family home or vacation spot often carries an emotional component for heirs as well. For...
Famed superhero creator’s estate battle offers instructive lessons
It’s unlikely that the Black Panther or Spider Man would need any help with this. And a character like the Hulk would certainly confront the challenge in resolute head-on fashion, spending scant little time pounding all obstacles into submission.It is a bit of a...
A few thoughts, considerations regarding the “elder orphan”
Estate administration is a legal realm marked by a prominent irony, namely this: high numbers of people insisting that they cannot be benefited by a tailored estate plan who actually have a dire need to think about and execute relevant planning documents. Take the...
What truly motivates individuals to take estate planning action?
Lots of things contribute to would-be estate planners becoming actual doers, of course. Procrastination is often ultimately defeated by a replaced sense of urgency that increases as time goes by. Children grow up, with parents naturally thinking of ways to help them...
Why don’t some adult siblings get along?
One of your biggest concerns, as you do your estate planning, is fighting among your children. You know that sibling disputes over a will and inheritance can drag on for months and get very expensive, and you also know that they often push people apart emotionally. In...
For a select few families, a dynasty trust is just the ticket
There is likely a debate at the ready in response to an estate planning professional’s recent comment that “a lot of clients want to take advantage of this new law.”The referenced enactment concededly applies only to a notably small demographic,...
If in doubt re estate planning, one timely step after another
If you’re a would-be estate planner who continually procrastinates while knowing that it’s important to put things in place, it might be useful for you to evoke a metaphor or image that can help you get started.Consider painting, for example. It’s a...
What is a spendthrift trust, and how can it benefit you?
In today’s above-cited blog headline, the referenced “you” refers to the individual who establishes a trust. The legal designations for that person are actually several and liberally substituted. Trust creators are sometimes called trustors, grantors...