In your will, you usually designate someone as the executor, personal representative or administrator of your estate. This is an important role. Therefore, you must choose who will take it on carefully. First: Know your options Most people may choose a family member...
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Estate Planning And Litigation
Tips for teaching kids about estate planning
After you pass, you may want your children to inherit your California home or other key assets. However, you also want them to appreciate their inheritance and the process behind the estate planning choices that you have made. Taking time to talk about your estate...
Do young people need an estate plan?
Many people believe estate planning is a step they do not have to take until they are older. It is common for young people to put off creating an estate plan because they think they have time, they do not have enough assets or they have not started a family. It is...
Litigation against an executor in California
An executor in California has a fiduciary duty to adhere to the terms of the will in conformity with the law. Above all, they have to act in the best interest of the estate and its beneficiaries. If your executor doesn't meet these obligations, you can sue them for...
Estate planning: Q & A about including your home in California
One of your biggest assets is probably your home, especially in California. When planning your estate, you may wonder how you can leave your home to your relatives, or to one relative in particular. The following Q&A may help you. What are my options? The five...
Contesting a will during probate
If there are assets left in an estate after a person passes away, they in most cases go through the probate process. This takes place in the state where the decedent resided. For example, California probate rules will apply if the decedent lived there at the time of...
Facts about estate planning in California
Whether you have a small estate or a large one, you need to plan for what will happen to your assets when you die. You wouldn't want your family to have to go through the hassle of dealing with your estate without any guidance. However, there are several things you...
Why an estate plan is vital for single individuals
Many people associate having an estate plan with excessively wealthy individuals or family assets, but the truth is that everyone needs an estate plan of some type in the event of a calamity. There are many people in California who are unmarried with no children who...
Important members of an estate plan
Estate planning isn't just about writing a will. In California, more people are involved in settling your estate after your death. Executor The executor is the lead supervisor of estate planning. The executor is chosen by the estate's owner to take control of his or...
Why and when your estate plan needs a review
If you live in California and you have an estate plan, you might assume that your work is done. In fact, it is important to review your estate plan every few years at minimum to make sure it still matches your goals and is relevant to your financial and family...