Trusts are a common part of many estate plans. Many people don’t realize there are several kinds of trusts, including a spendthrift trust. This popular option allows grantors to more specifically manage how their beneficiaries receive their inheritance. What makes a...
San Diego Probate & Estate Administration Law Blog
Reasons why your executor needs a probate bond
If you’re creating your estate plan in California, now’s the time to include an executor probate bond. Executors play a significant role in overseeing your estate, and you want to take steps to avoid mistakes and confusion. Executor probate bonds add an extra layer of...
Can you use alternative dispute resolution for probate issues?
In California, probate disputes can often become very emotional and involve many complexities. As an alternative to going to court, parties to a probate dispute can use alternative dispute resolution (ADR) methods to reach an amicable and efficient outcome. The...
Discussing estate plans and wills with parents
While discussing estate plans with parents may be uncomfortable, doing so could help avoid significant problems in a California probate court. Older parents might not have the most comprehensive estate plans, and aging adults facing health issues could pass away....
Is it worth opening an estate bank account in California?
Executors can open an estate bank account during the probate process in California. However, they need to first start probate and receive confirmation from the court that the will is valid. Executors can't do anything with the estate until a judge gives them documents...
Reasons why advance directives are essential
There is more to estate planning than writing your will. Another document that many residents of California include as part of their estate plan is the advance directive. Whether you are young or old, having an advance directive is highly recommended. You have control...
Using estate planning is essential to designate beneficiaries
If you decide to get remarried in California, you may obtain an extended family quickly. In this situation, examining your estate planning and determining if it's appropriate and follows your current wishes is essential. Sometimes, individuals get remarried and make...
Post-probate procedures in California
Estate administration can be a lengthy and sometimes frustrating process in California. Successfully closing it is often the most satisfying part of the process. You should anticipate the following actions. Closing probate When the court closes probate, the executor...
Downsides of the probate process in California
California residents starting their estate plan have probably come across the term, “probate,” in their research. Many guides will talk about the importance of reducing time in probate court, however, it’s essential to completely understand the probate process. What...
5 mistakes to avoid when it comes to estate planning
Planning for the future can be difficult, especially when it involves finances and property. Estate planning is important in ensuring that all of your California assets are cared for. But, if you don't put in the effort to do it correctly, you could end up making a...