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Many people establishing an estate plan use one particular testamentary instrument. They may choose to draft a will or to establish a trust. Factors including the age of beneficiaries and the value of personal assets can influence which testamentary instrument a...
The power of attorney is an essential part of estate planning. This document allows you to legally designate someone to act on your behalf and make decisions with your best interests in mind. Medical vs. financial powers of attorney Two types of powers of attorney...
When a loved one passes away, the process of settling their estate begins, which involves determining the value of each asset and the estate’s total value. This valuation is not only crucial for fair distribution among heirs but also for meeting legal requirements....
Starting a business means handling several legal issues. New owners need to know the rules and regulations that apply to their companies to help them keep in line with the law. This blog will talk about the legal factors to think about when starting a business in...
Ensuring that your estate plan is complete involves a few key steps and considerations. Here are some important aspects to review to determine if your estate plan aligns with your personal goals and is thorough: Basic tools and documents Ensure that you have all the...
When a loved one passes away, their estate enters a process known as probate. This legal procedure involves settling debts and distributing assets to beneficiaries. In probate, creditors fall into two main categories: secured and unsecured. The prioritization of debts...
Estate administration and probate court proceedings in California can take a year or longer to complete. During that time, the personal representative of the estate has to manage resources, attend court hearings and fulfill various other responsibilities. One of the...
When a loved one dies, their estate may undergo a legal process called probate. It is often a complex and time-consuming process that involves multiple steps. The first step is validating the deceased person's will. The next step is identifying and appraising their...
You've poured your effort and dedication into building your business. However, what happens to it when you're no longer around? Most people equate estate planning with houses and inheritances, but it can be a crucial process for business owners, too. Estate planning...
As you start planning your estate, you may encounter significant concerns regarding the probate process. This court-supervised procedure, which validates your will and distributes your assets to the right people after you are gone, can be expensive, public, and...