Call today for a consultation
Call today for a consultation
California's Proposition 19, effective February 16, 2021, changed property tax laws. These changes affect how you transfer real estate to your children or grandchildren. If you have a trust, you must review and update it to ensure your estate plan aligns with your...
An irrevocable life insurance trust (ILIT) is a type of trust specifically designed to hold and manage a life insurance policy. Unlike revocable trusts or wills, which you can change or revoke at any time, an ILIT is set in stone once it's created. When you set up an...
Choosing the right executor for your estate is a big decision. It isn't a job just anyone can take on. It's a heavy responsibility, one that can affect the lives of the loved ones you leave behind. If your estate goes through probate court—which happens with many...
When a loved one dies, dealing with probate can be challenging. But what if you cannot find all the heirs? This makes things even harder. In California, there are laws and steps to handle this. Let us see how to deal with missing heirs during probate and why it is...
When someone passes away and leaves a will, the executor plays a crucial role in ensuring they grant the deceased's wishes. The executor manages the estate, which includes paying debts and distributing assets to beneficiaries. But what happens when an executor fails...
As someone considering setting up a trust, you know the importance of protecting your assets and ensuring the fulfillment of your wishes according to your plans. But have you thought about the role of transparency in trust administration? Transparency is a critical...
Serving as an executor of an estate is a significant responsibility. Executors must navigate a range of legal and financial tasks, often while dealing with their grief. Here are five challenges executors face and how to manage them. 1. Dealing with family disputes...
A living trust is a powerful estate planning tool that offers significant benefits. This legal document allows you to manage your assets during your lifetime and transfer them to your beneficiaries after your passing, often without the need for probate. However, to...
Settling a parent's estate can be daunting, especially during a time of grief. As the executor, you're responsible for making sense of their financial affairs, dealing with lawyers and banks and figuring out how to distribute their belongings among family members....
In specific situations, some people can become targets of financial abuse because of their age or impairments. The risks can be more apparent for elders who rely on others daily. These individuals can be vulnerable to distinct types of manipulation, such as undue...