An overview of the different types of defalcation in California
When most people think of white-collar crime, they think of complex financial schemes that result in huge profits for the perpetrators. While this is certainly true, there are other types of white-collar crimes that can significantly impact victims. Defalcation is one such crime. Here’s what you need to know about defalcation and how it can […]
Heirs at law and estate disputes in California
When a loved one dies, it’s likely that their estate will go through the probate process to ensure that the wishes of the deceased get carried out. This can be a difficult process, especially if there are disagreements among the heirs at law about how to divide up the estate. Who are heirs at law? […]
Taking inventory of an estate’s assets
Surviving family members may find themselves wondering how to go through the probate process. Even with a competent executor handling representation duties, administering an estate may come with challenges. Organized executors who understand the importance of taking an inventory of assets could move things a little faster through California probate proceedings. The value of an […]
Steps to become a power of attorney
A power of attorney (POA) is an individual that you trust and not only a document that is signed. You have to become an agent who puts the interests of another person above your own. In California, there are several steps to take to become a good representative for another. Understand the types of power […]
Estate planning essentials
People who develop estate plans enjoy peace of mind because they know that preparations have been made to take care of their loved ones. When California residents make these preparations, one of the most important decisions they face is choosing a responsible person to act on their behalf after they pass away or become incapacitated […]
What does a successor trustee do?
If you have a revocable trust, there is a good chance that you’ll name yourself as the trustee. However, it is in your best interest to name a successor trustee. This person will manage the document if you pass away or are otherwise unable to manage trust assets such as a California home or business. […]
Why are beneficiary claims listed in percentages?
Many different types of investment accounts require you to name at least one beneficiary of your funds in the event of your passing. The same is true of wills created by California residents. Beneficiary designations are typically written in terms of percentages. Here’s why they’re done this way. Percentages make for less work When you […]
What are the grounds for contesting a will in California?
When a decedent in California dies, the executor files a petition to probate the will. The petitioner must send notice that they filed the petition to probate the will to all heirs, devisees, executors and alternative executors of the decedent. If you have a legal reason to contest the will, then you need to object […]
What are will contests and challenges?
Not all probate proceedings in California move along smoothly. Heirs, beneficiaries, and interested parties might have strong disagreements with the contents of a will. The conflicts may result in someone taking legal action. Namely, the person might choose to contest the will. If the person has legitimate reasons and standing, then the court may make […]
The different types of trusts and choosing the right one
If you are creating an estate plan in California, you may want to use one or more trusts. Trusts may be either inter vivos or testamentary, meaning that they are either created during a person’s lifetime or by the person’s will after their death. Living trusts may be revocable or irrevocable. The former can be […]