Sacramento Estate Planning Attorney
Can An IRA Be Used for Estate Planning Purposes? from Timothy Murphy When you are traversing your career path, you probably have a retirement vision. Along the way, you may contribute into an individual retirement account to put away a nest egg to draw from during your retirement years. When it comes to using an IRA […]
Can I Qualify for Medi-cal If I Own a Home? from Timothy Murphy If you use Medi-Cal to pay for long-term care, and you are in possession of your home at your death, a reimbursement claim can be made against your home. Ultimately, all or part of its value could be consumed after your passing during […]
How Is The Business of My Estate Handled? from Timothy Murphy There are many business and legal related tasks that must be completed, so you should make sure that the person that you choose is fully qualified to assume the role. You should also take anticipated longevity into account, and geographic location is a factor […]
Estate planning in northern California commonly asked questions and answers from Timothy Murphy There are many different types of issues your estate plan will allow you to address, such as the question of what you want to happen if you become incapacitated. Learn more about Estate Planning in Northern California in this presentation.
Estate Administration in Northern California from Timothy Murphy Being asked to be an executor for a loved one’s estate is an important honor. Being familiar with your expected duties and the general estate administration process will be extremely helpful. Here are the basic things you need to know about estate administration in California. Learn more […]
Everything You Need to Know About a Living Trust from Timothy Murphy A living trust is a particular kind of trust that goes into effect during your lifetime, as opposed to being created by your will after your death. As with other types of trusts, the property you place in trust will be managed by […]
Ancillary Probate: Ancillary Probate Proceedings from Timothy Murphy The term “ancillary” means a legal proceeding that is not the primary or main proceeding, but instead a supplemental proceeding that is required to complete the primary probate proceeding in the court where the decedent resided. In other words, if you lived in Sacramento at the time […]
Retirement Planning with IRAs from Timothy Murphy
California’s Laws of Intestate Succession from Timothy Murphy In general terms, if you die without a will in California, your assets will go to your closest relatives. Here is what intestate succession means for your estate. If you die with surviving children, but no spouse, parents or siblings, your children will inherit everything in your […]
Looking for A Way to Avoid Probate from Timothy Murphy 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, probate is the last resort for distributing an estate when the property has not been transferred by trust, […]
