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Creating a trust in California does not complete the estate planning process. To make a trust effective, it must be properly funded. Funding a trust means transferring ownership of assets into the trust's name. Without this step, the trust may not help avoid probate...
When someone dies without a will in California, the state decides who gets their property. This process is called intestate succession. California law lays out a clear order for who inherits what, based on family relationships. Who inherits under intestate succession...
Starting a business in San Diego means making big choices right from day one. Whether launching a tech company in Sorrento Valley or opening a beachfront shop in La Jolla, picking the proper business structure shapes your company's future success. What are LLCs and...
Most people establishing estate plans have specific goals. Some people want to maximize what certain beneficiaries receive from the estate. Others hope to prevent their loved ones from fighting over their property. Regardless of personal goals, there are certain...
Life insurance usually skips probate, but in some situations, it can be sent there unexpectedly. Probate may step in if your policy names your "estate" as a beneficiary or lacks updated details. Knowing these scenarios helps you ensure your loved ones get their...
Probate can be a lengthy and expensive process, which is why a lot of families want to avoid it at all costs. If you can avoid probate, you can save a lot of time, distribute assets faster and reduce the emotional anguish of your loved ones. Unfortunately, it may not...
If you're thinking about starting a business partnership in California, this can be one way to expand your business potential. However, while partnerships can be a good way to combine skills and resources and share risks, they also come with unique challenges. Before...
Many believe that a will is the only estate planning document you will ever need to ensure the proper distribution of your assets. In reality, this limited approach can lead to unintended consequences, unnecessary stress and even costly legal battles for your loved...
Few experiences make people more aware of their mortality than having children. People who may have previously invested very little time in thinking about the future may suddenly become preoccupied with concerns about what could happen. The idea of leaving minor...
When a loved one passes away, confronting the intricacies of the legal system is likely the last thing on your mind. Unfortunately, probate is a necessary step in settling their estate. How long will this process take, and can you do it yourself? It is impossible to...