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...
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Estate Planning And Litigation
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...
The benefits of a spendthrift trust
California residents may want to take measures to ensure that their family members are financially secure in the event of their passing. An estate planner can help create a will that designates assets to beneficiaries, including cash, bonds, stocks and other valuable...
Knowing how the gift tax works can help save you money
If you want to gift a portion of your assets to your children in California, it's crucial to understand how doing so can be taxed. While California doesn't have a gift tax, the federal government does, which can be as high as 40% if you exceed the annual threshold....
Create a California living trust
California estate planning often includes creating a living trust. You might choose a living trust so your family can avoid probate court when you die. The probate court leaves the distribution of your assets in the hands of the state. But a living trust puts you in...
How estate planning can preserve your business legacy
In California, business owners have unique estate planning considerations to factor into their overall financial strategy. They must proactively protect business and personal assets, which can become challenging with larger estates or multiple heirs. The following...