While not every estate in California will go through the complicated probate process, there are instances where it is required. Even when a there is a will. Probate is expensive and it can be extremely time consuming, not to mention you will have less control over the...
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What assets are exempt from probate in California?
It could be stressful for a family to go through the legal process of probate when they are still grieving the loss of their loved one. However, it is essential to go through the decedent’s assets and properties for proper distribution. Fortunately, some assets are...
When does an estate go to probate court?
Inheriting assets seems straightforward, but it can be more complicated than you think. When a person dies, assets with named beneficiaries and co-owners can go through a simplified process. However, some assets have no exact recipients, leaving decisions about estate...
Is my last will and testament adequate?
While it is true the last will and testament is a fine way to divide our assets among those we leave behind, it also tends to leave a lot of legal essentials out. If that happens, then often the beneficiaries need to undergo probate in court to validate the will....
How much do estate taxes reduce someone’s legacy?
For someone who owns valuable real estate or investments, estate taxes are a serious concern. Such obligations could limit how much of your wealth you can pass on to your loved ones when you die. Many people would prefer to plan carefully rather than to pay taxes...
How can you protect your will from disputes?
A will is the foundation of any estate plan. Done right, a will allows you to determine who will inherit your assets when you pass on. Without one, California intestate laws would step in and determine how your assets are to be distributed. And this might not sit well...
What you need to know about special needs trusts
Do you have a family member with special needs? If so, you likely understand that you will need to take steps to ensure they have the financial support needed after you pass away. Public benefits, such as Supplemental Security Income (SSI) and Medi-Cal, are available...