A: If your trust was set up over 10 years ago, it may need to be updated to avoid unnecessary costs and administrative work after you or your spouse passes. Trusts created before 2011 were often set up as "A/B Trusts" that must be split into two separate trusts after...
A: Spoiler alert: No, California probates are still excruciatingly expensive and long court procedures, which is why probate avoidance through a living trust is such a valuable planning tool in California. Feel free to reach out to us...
A: Unfortunately not; California does not recognize common-law marriages between long-term, cohabitating partners. The only way for your partner to protect you in the event of his untimely death is for him to put together a well-designed estate plan. If you have any...
A: Absolutely. Your estate plan gives you the opportunity to communicate to your loved ones how you would like belongings that have special meaning to you handled. Whether it be a family heirloom, a box of albums, or an important personal keepsake, your estate plan...
A: This question came in from an anonymous follower! Unfortunately, since his father never had a trust prepared, and because the gold is worth more than $166,250, the family gold will have to be probated. In order to pay all of the court, administrative, and...
A: Most of us either watched or heard about Oprah's groundbreaking interview with Prince Harry and Megan Markle on Monday. Princess Diana originally left Prince Harry and Prince William around $8.9 million to be fully accessed when they turned 30. However, because of...
A: Special Needs Trusts are designed to supplement, but not supplant, the means-based government assistance and benefits that your loved one is receiving! The language of the SNT establishes that the trust funds are to be used only for specific purposes to improve the...
A: A conservatorship is a court case wherein a judge appoints an individual or organization (the “conservator”) to care for an adult who cannot safely care for himself or herself or manage his or her own finances. For example, a conservator may be appointed for an...
A: If you get remarried and never update your estate planning documents before your death, the state of California will automatically include your new spouse in your estate plan by default. The Omitted Spouse Statutes (probate code sections 2160, 21611, and 21612)...
A: A Notice of Proposed Action essentially requires a beneficiary to “speak now or forever hold their peace.” California Probate Code sections 16500-16504 permit a trustee to give notice to the beneficiaries of a trust that the trustee intends to take (or not to take)...
