When a person in California passes away, a person referred to as the estate representative is responsible for managing the deceased’s estate as it moves through the probate process. If your loved one left a will, it is likely that they named an estate representative...
Wills And Trusts
Understanding revocable and irrevocable trusts
Estate planning is important to ensure that a person’s property will go to a beneficiary he or she designates. The person who wants to create a trust, called a grantor, can create a trust document, transfer assets into the trust and choose a trustee who is responsible...
Transferring property after a person dies
When a resident of California dies without leaving a will, transferring that person’s property can be very complex. An overview of these complexities can often provide a convincing argument for drafting a will and preparing an estate plan directing the manner in which...
Key legal facts about revoking a will in California
In California, creating an estate plan is a fundamental aspect of being fully prepared for the future. A will is the most basic part of an estate plan and can be relatively simple. However, it is imperative that the document is specifically tailored to the person’s...
What type of trust should I choose?
The estate planning process can be complicated for the average person who has never had any experience navigating the world of wills, trusts, powers of attorney, and other estate planning documents. Choosing the trust that best suits your needs can be one of the most...
Understanding special needs trusts
Many families in southern California have members who suffer from one or more disabilities, and their ability to undertake gainful employment is severely limited. Anyone who is making an estate plan that will contain provisions for the care of persons with special...
Revoking a will: an overview
While it would be preferable to only ever have to make one will, significant life changes often require us to regularly change or amend our wills. There are a range of different reasons you might need to revoke or amend a will in order for it to accurately reflect how...
The importance of testamentary capacity in drafting a will
A will is a useful testamentary tool that can help convey a California resident’s intentions for the disposition of their end-of-life estate to both their loved ones and the legal system. A will can provide instructions for the care of the decedent’s minor children,...
Making a Beneficiary Out of a Living Trust
An IRA is one type of retirement account that is available in Torrance, California. It is essential to consider the beneficiaries that you want to add to your IRA. One option for your beneficiary, however, is a living trust. In doing this, the money will be available...
How to create a stronger estate plan
Ideally, you will take time to create an estate plan that provides for your needs now and after you pass. If you fail to make a will or trust, California law may distribute assets to your spouse or child by default. In addition to a will or trust, it may be a good...
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