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
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
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?
Certainly everyone is familiar with the estate planning terms "will" and "trust," but not everyone understands the differences between the two estate planning tools. Wills and living trusts are both useful estate planning instruments that serve very different purposes. Despite their dissimilarities, both can work together to create a comprehensive estate plan. Just ask our Sacramento probate attorney how it works. Wills and living trusts are needed for estate planning Regardless of how old you … [Read more...] about A Will or a Trust – Which One Should I Choose?
As all probate attorneys recognize, the California Probate Code is an expansive set of statutes that sets for the numerous procedures that may arise in a California probate case. The probate code is huge with significant details pertaining to even the most obscure situations. Experienced and qualified probate attorneys are familiar with these myriad procedures. But first, the basics on probate proceedings in California must be understood. Why Someone Involved in a Probate Proceeding Needs to … [Read more...] about Tips From a Sacramento Probate Attorney
When a loved one dies, the money and property included in their estate need 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, which can take a significant amount of time, depending on how probate is handled. However, with the help of one of our Sacramento probate lawyers, there may … [Read more...] about Sacramento Probate Lawyers Know How to Speed up the California Probate Process
It is generally understood that California’s Medicaid program, known as Medi-Cal, has the ability to seek reimbursement of the medical costs paid out during an individual’s lifetime from that person’s probate estate after their death. In fact, this is a big concern for most people considering whether to apply for Medi-Cal to cover their nursing home expenses. However, we are aware of the new bill recently passed in California that limits Medi-Cal’s recovery against your probate … [Read more...] about California Bill Limits Medi-Cal Recovery Against Probate Estates
When a parent passes away, the family is usually at a loss as to how to handle their loved one’s estate. Our law firm can provide a comprehensive guide on what needs to be done when a parent dies. It is always good advice to consult with an experienced and qualified probate attorney to make sure you take care of everything. The first step to take after your parent passes away The first step in being able to handle your deceased parent’s affairs is to obtain a certified copy of his or her … [Read more...] about When a Parent Dies Sacramento Probate Attorneys Can Help
The probate process is the way a person’s estate assets are officially distributed to their heirs and beneficiaries through the California court system. Those assets can include cash, personal property, and real property. Basically, the probate procedures require several steps before the probate can be closed. Estate assets cannot be distributed to heirs or beneficiaries until the probate process is completed. All of the necessary steps for probate in California are governed by the state’s … [Read more...] about Understanding Probate Law in California
Although most people request an estate plan that helps with avoiding probate, not everyone actually understands what that means. Avoiding probate court does not simply mean avoiding estate taxes. If avoiding probate is your estate planning goal, here are four ways to accomplish that goal. What is the purpose of probate? Basically, probate is a legal procedure conducted by the California probate court in order to transfer ownership of assets to beneficiaries after someone dies. Put another way, … [Read more...] about What if Avoiding Probate is my Goal for Estate Planning?