One of the most important questions that you’ll need to answer when creating your estate plan is how to divide assets between your children. In some cases, it is wise to simply give each of your sons or daughters an equal share of your estate. However, there are...
Although wills can be an effective way to protect estates in California, sometimes a will can still be challenged in court. It should be noted that not just anyone can challenge a person's will, rather, only those who will be affected by the document would have the...
A: Yes, as long as you are in possession of a key to the safety deposit box, Probate Code Section 331(a) requires the bank to give you access to do a “will search”. The bank will then log your identity as the requester, supervise you while you inventory contents, make...
2022 update: $15,000 per year in 2021 and $16,000 per year in 2022 A: The short answer is NO: you almost certainly will NOT have to pay any gift taxes. Remember, under current law, you can make $11.58 million dollars’ worth of gifts in your lifetime without incurring...
The third week of October has been designated by Congress as National Estate Planning Awareness Week! We're celebrating by shining a spotlight on estate planning mistakes that celebrities have made. With all the money they have, you'd think they'd be able to...
A: Although Probate Code Section 6122 largely disinherits a former spouse automatically upon entry of a divorce judgment, the same is NOT true while the divorce is in process. Therefore, as soon as possible after the divorce proceedings have been initiated, you should...
Although Probate Code Section 6122 largely disinherits a former spouse automatically upon entry of a divorce judgment, the same is NOT true while the divorce is in process. Therefore, as soon as possible after the divorce proceedings have been initiated, you should...
California Proposition 19 proposes changing the rules for tax assessment transfers. A vote "yes" supports the constitutional amendment to: increase the number of times that homeowners over 55 years old or with severe disabilities can transfer their tax assessments...
A: A list will ensure that your assets are easily transferred and that your family will know exactly what you own so nothing falls through the cracks. Insurance Policies Bank and Retirement Accounts Deposit Boxes (and keys) Real Estate/Mortgages Valuable Personal...
Para muchos, parece como un sueño hecho realidad. Un lejano tío sin otros herederos fallece, solo para dejarte una magnífica propiedad frente al mar. Mientras que a casi todo el mundo le encantaría heredar la casa de ensueño después de la muerte de un pariente o amigo...
