A: Yes! As an unmarried couple, it is important for you and your partner to each create an estate plan because the law does not grant unmarried couples who are not legally registered domestic partners the right to inherit from their partner's estate or priority in...
A: Yes! As an unmarried couple, it is important for you and your partner to each create an estate plan because the law does not grant unmarried couples who are not legally registered domestic partners the right to inherit from their partner's estate or priority in...
A: Absolutely! In California, a living trust is vital for those without direct heirs to bypass the probate process, ensuring assets like real estate or businesses are efficiently transferred to chosen beneficiaries. It's an effective way to control your estate's...
A: That's right! California law allows for a simpler process to transfer personal property for estates that fall under a certain value threshold (currently $184,500), making it quicker and easier for heirs to receive their inheritance, and without having to go through...
A: Your uncle's estate is considered intestate because he died without a Will. California's laws of intestate succession will be applied to determine the heirs of his estate. If he was married and had children, his spouse and children would be the heirs of his estate....
A: Imagine your trust as a storyline shared with your heirs and beneficiaries. With a complete restatement of your trust, only the latest version—your final narrative—gets shared after you're gone, ensuring a single, streamlined story. This approach contrasts sharply...
A: You're in luck! California's Revocable Transfer on Death Deed (RTODD) offers a cost-effective shortcut to leave your home directly to your heirs, bypassing the expensive and lengthy probate process. Depending on the individual circumstances of each client, this...
A: This is a common concern and it can be addressed well with proper estate planning. When you and your spouse create a trust, you will choose at what age or ages your child will receive the assets of the trust after you have passed away. You will also nominate a...
A: Yes you do! And more importantly, without a trust, the probate laws of California would not only consider you the owner of the property at your death, but would also charge your heirs probate fees based on the fair market value of the home and NOT on the amount of...
A: No! Under recent law changes, the TOD deed now needs to be both notarized and witnessed by two disinterested parties (the Notary Public may act as one of the witnesses). Moreover, in order to be valid, the TOD deed must be recorded within 60 days of the...
