Caring for elderly parents in California is challenging in the best circumstances. If they need help with their finances, you may have concerns about whether they spend money wisely, or if they succumb to undue influence by caregivers. The attorneys at The Law Firm of...
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Estate Planning And Litigation
What is a beneficiary designation?
Things like life insurance policies, retirement funds, and savings accounts are all included in the assets you have in your name. Accordingly, you must make decisions on how the proceeds of these accounts are to be distributed among your heirs upon your death....
Detailing temporary possession rights
There certainly is a strong finality that comes with death. Yet what many in Westminster may fail to appreciate is that such a finality does apply to any debts that may owe. Indeed, when one dies in debt, the responsibility to settle those liabilities falls to their...
Advance directives explained
Most view estate planning as being limited to you stipulating how you want your assets dispersed to your designated beneficiaries in Westminster once you pass on. Yet another important element to the process is planning out how you wished to be cared for before you...
Assigning power of attorney
Like most in Westminster, you no doubt value your independence. Yet an important component of planning for the future is anticipating a time when you may not be in the best position to make decisions for yourself. Whether that be due to your being incapacitated...
Removing a trustee from office
If your family has significant assets to protect (such as ownership of a family business), then it may be wise to consider placing those assets in a trust to be managed for the benefit of you and all of the other family heirs. Yet what is to say that whomever is...
How do guardians and conservators differ?
When an adult is unable to take care of his or her own affairs, the court may appoint a representative to do so. These people are referred to as guardians or conservators, and they are responsible for making essential decisions on behalf of their wards. The Balance...
What is a holographic will?
You probably realize by now that having a legal will is important to ensure that when you die, those you leave behind honor your wishes. There are a couple of options for creating a will that will stand up legally in California. One of those options is a holographic...
What is a conservatorship?
The process of estate planning is meant to provide people with control over both the disposition of their assets once they are gone as well as (if necessary) the management of their end-of-life affairs. Yet people cannot plan for the unexpected, and few anticipate...
What happens if you die without a will?
All adults in the California Vietnamese community should take the responsible step of making out a will. You may understandably be reluctant to think about what will happen after you die, but a will is the best way to assure that your intended heirs receive your...
