A trust and a trust fund in California seem like identical entities, but each one is defined by slight differences. Understanding the basic definitions comes before understanding the different types of trusts available for their owners and beneficiaries. The...
San Diego Probate & Estate Administration Law Blog
How to create an estate plan as a new parent
Creating or updating an estate plan when you're a new parent is important to ensure your child will have their needs met if something were to happen to you. California has laws surrounding wills and trusts that you should check before creating your estate plan. What...
Why you may need a pro trustee in California
Everyone in California wishes to make it easier for their loved ones to receive their inheritance. So, they plan their estate to the best of their interests and that of their beneficiaries. But, issues still arise after their death that can tear their family apart,...
When are wills probated in California?
When a person dies, there are many things that often occur before their estate reaches the designated beneficiaries. One of them is filing the will with the probate court. What is probate? Probate is the legal process of settling a deceased person's estate. This...
How to keep money in your family with estate planning
Estate planning is one of the most important steps you can take to protect your family and your money in California. Without an estate plan, your loved ones could face issues, such as fighting over your assets after you die. It's also possible that your wishes may not...
What is ancillary probate?
For people dealing with an estate and the probate process in California, one of the trickiest elements can be ancillary probate. This is a special process that applies when the contents of an estate are spread across multiple states, such as having two houses in two...
How a revocable living trust works
Getting older in San Diego means taking on new responsibilities. One will be deciding how your estate is divided among your heirs. You will need to be able to protect all of your assets. This means making sure that the person you name as your trustee is in a position...
Most important facts about probate
Probate court handles all issues that involve administering an estate after its owner's death. In the end, the decedent's property and belongings are handed over to heirs and beneficiaries. There are certain facts about probate in California that are important for...
What makes a successful estate plan for California residents?
Considering how to leave your wealth to your heirs in California long before you reach advanced years is an important consideration. No matter if you are rich, poor or somewhere in between, drafting an estate plan is an essential step to ensuring that your valuables...
Why may a trust be modified?
The general idea behind an irrevocable trust is that it cannot be changed or modified after it is created. However, even though this sounds like a fundamental rule, there are exceptions. It depends on how the trust was created and exactly what rules were laid out. In...