More Californians than ever have taken an interest in estate planning to protect their family, legacy and valuable assets. A living trust is an estate planning tool that allows individuals to manage their assets while alive and help ensure a smooth transfer to...
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Estate Planning And Litigation
Can someone lose their inheritance after contesting a will?
Some people expect an inheritance because they have a close family relationship with an individual who has substantial resources. Other people hear direct confirmation from a loved one about their legacy intentions. A child with two siblings may have grown up knowing...
Addressing a business in a California estate plan
A business that someone started or acquired during their life may be their main source of income. It may also be their most valuable personal resource. They, therefore, may have an interest in seeing the company continue if possible after they die. There are multiple...
Why do many people put off appointing a healthcare proxy?
Thinking about your mortality is rarely pleasant. Therefore, it's no surprise that many people put off important estate planning tasks, like appointing a healthcare proxy. This document, also known as a durable power of attorney for healthcare, can allow you to...
When can families remove the representative of an estate?
The California probate courts oversee the administration of many estates. They also sometimes hear lawsuits. Probate litigation could result from questions about the validity of an estate plan when families question the documents. Other times, family members of the...
3 important estate planning concerns for business owners
People become business owners in California for many different reasons. Some people start businesses as a way to support themselves and their families using their industry connections or professional experience. There are others who inherit businesses and even people...
Estate plan strategies: How to handle family heirlooms
In California, adding heirlooms into your estate planning creates the challenge of balancing practicality and sentimentality. Keeping heirlooms within the family preserves a legacy that can transcend many generations. By understanding your family heirlooms’ monetary,...
Executors can be subject to legal action
The executor of your loved one's California estate has a fiduciary duty to that loved one's estate. If that duty is breached, you may have grounds to take legal action against the executor. This may be true whether the breach was intentional or unintentional. There...
How to include planned giving as part of your estate plan
If you are like many successful Vietnamese residents in California, you want to give back to your community through charitable organizations. Doing so has multiple benefits, as you support an organization that means something to you while also getting income tax...
Securing an unexpected child’s future through estate planning
Bringing a child into the world is a beautiful life event, and when it happens unexpectedly, it can lead to a whirlwind of emotions and adjustments. Amid the joy and challenges, it's vital for expecting California parents to consider the future, both for themselves...