Friends, family, acquaintances, and the internet are a breeding ground for estate planning myths. These myths can lead to a failure to plan or a plan that fails. To set the record straight, we are dispelling 7 estate planning myths in this three part article. 5. I don’t need a trust because I have a will. Myth!!! Most people would benefit from having a revocable living trust in addition to a pour-over-will. While your will is necessary, it is only effective after you’re dead. … [Read more...] about Common Estate Planning Myths (part 3 of 3)
Probate
Common Estate Planning Myths (part 2 of 3)
Friends, family, acquaintances, and the internet are a breeding ground for estate planning myths. These myths can lead to a failure to plan or a plan that fails. To set the record straight, we are dispelling common estate planning myths in this three part article. 3. Joint ownership, commonly called joint tenancy, is an inexpensive and easy way to avoid probate. It’s cheaper than using a fully funded revocable living trust. Myth!!! Joint ownership means that you could lose your … [Read more...] about Common Estate Planning Myths (part 2 of 3)
Answers To Your Living Trust Questions (2 of 3)
Trusts have been around for hundreds of years; specifically, the living trust gained popularity in the 1970s as a probate avoidance technique. Today, living trusts are often used as a foundational document in estate plans. We’ve found that many folks have both questions and misconceptions about the living trust; so, in this three part series, we answer your living trust questions. Will I always be the trustee of my living trust? You can be the trustee of your trust as long as you are … [Read more...] about Answers To Your Living Trust Questions (2 of 3)
How Do I Know If I Need a Probate Attorney to Help Me?
Over the course of your lifetime, you will likely require the services of an attorney for a variety of different reasons. Knowing which type of attorney you need for your legal issue or problem is crucial. Just as you would not allow a pediatrician to treat a tumor in your brain, you wouldn’t hire a criminal defense attorney to help you pursue a breach of contract case. How then, do you know if you need a Sacramento probate attorney to help you with a legal matter? What Is Probate? First, it … [Read more...] about How Do I Know If I Need a Probate Attorney to Help Me?
What Are the Rules of Intestacy in California?
When a loved one passes away, one of the first practical steps that should be taken is to search for the decedent’s Last Will and Testament. What happens though if you cannot find a Will? Surveys indicate that over half of all Americans do not have even a basic estate plan in place, making it equally likely that your loved one did not execute a Will prior to his/her death. If that is the case, it means that he/she died “intestate” which is a legal term meaning without a Will. When a decedent … [Read more...] about What Are the Rules of Intestacy in California?
Why Avoid Probate?
Creating a successful estate plan typically requires you to incorporate numerous inter-connected goals and objectives into one comprehensive plan. As you may have heard from friends or family, probate avoidance is a popular estate planning goal. In order to decide if you should make probate avoidance one of your goals, however, you need to have a firm understanding of why you might want your estate to avoid probate. Probate Process Basics Probate is the legal process that is typically required … [Read more...] about Why Avoid Probate?
5 Probate Mistakes Executors Often Make
The death of a family member or someone else close to you is usually followed by a period of grief, confusion, and a variety of other heightened emotions. Someone, however, must handle the legal and practical implications of your loved one’s death. If you have been designated as that person, you probably do not know where to begin or exactly what needs to be done unless you have been in the same position in the past. That lack of experience, coupled with your heightened emotional state, can lead … [Read more...] about 5 Probate Mistakes Executors Often Make
Lessons We Can Learn from Alan Thicke’s Estate Drama
When a celebrity dies, it is far from uncommon for a contentious legal battle to ensue over the fortune left behind. Sadly, the behavior of the litigants is not surprising. What is surprising, however, is how often the rich and famous fail to leave behind a well drafted and thorough estate plan – a plan that would dramatically decrease the likelihood of litigation. The death of actor Alan Thicke, and the battle over his estate that continues long after his death, is yet another example of this … [Read more...] about Lessons We Can Learn from Alan Thicke’s Estate Drama
The Probate Process – Step by Step
When a loved one dies, the money and property included in their estate needs to be distributed to their heirs. In many cases, the estate must go through the probate process in order for the assets to be properly distributed. The basic probate process requires completion of several steps in order to close probate and make those distributions. Here, our probate attorneys will explain the most basic steps of the probate process in the great state of California. Appointing a personal … [Read more...] about The Probate Process – Step by Step
Why Is Probate Avoidance Such a Common Goal?
Creating a successful estate plan requires you to think about much more than just how you want your estate assets to be distributed when you are gone. Precisely which additional estate planning goal and objectives you decide to incorporate into your comprehensive estate plan will depend on numerous factors; however, one common estate planning goal is probate avoidance. Why is it so desirable to avoid probate though? To help answer that question, we explain the probate process and why many people … [Read more...] about Why Is Probate Avoidance Such a Common Goal?







