The importance of beneficiaries in estate planning
Estate planning in Brea, California can be a time-consuming process. Most people do not look forward to estate planning and preparing the ground for your beneficiaries. Beneficiary designations with financial institutions are important because they override decisions in a will. Reviewing beneficiary designations will help you ensure your loved ones get what they deserve when […]
The importance of writing a will
If you live in California and are creating an estate plan, you probably need to write a will. This may be the case even if you are largely using a trust, beneficiary designations or other tools to pass assets since you can use a will to name a guardian for your minor children. What a […]
Forming an estate plan is essential to eliminate family disputes
As you get older, forming an estate plan in California is essential if you have more than one child and several assets. Failing to do so may result in hard feelings and disputes between siblings in the future when you’ve passed away. Forming a solid plan now eliminates the need to make decisions after you […]
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 […]
Pros and cons of naming corporate trustees in California
Appointing a trustee over your estate can be a stressful decision. Sometimes, people choose to select a corporate trustee over a friend or family. There are many reasons to appoint a third party to act as trustee when estate planning. A trustee is responsible for making investing decisions as well as paying bills, managing assets, […]
Should a prenup be part of your estate plan?
When California couples decide to marry, they may also be prompted to make other decisions about their future planning. This is especially true for people with specific circumstances, such as owners of closely held businesses or parents of children from a previous relationship. Prenuptial agreements are of course helpful in the case of a future […]
How the Legal Capacity of Settlor can Affect the Outcome of Trust and Will
The legal capacity of the settlor has significant effects on the outcome of a trust or will. The document could be invalidated if it was prepared while the settlor was mentally incompetent. Probate litigation lawyers provide legal advice and assist in filing documents in court and on time. Learn how they prevent the settlor’s property […]
Common Estate Issues that Result in Litigation
There are several common errors people may make in creating an estate plan. One is preparing documents incorrectly. While there are a number of do-it-yourself estate planning packages available, it is easy to make an error on these that can delay carrying out the instructions in the estate plan, make it vulnerable to legal challenges or […]
Estate Planning | Tips on Appointing the Right Personal Representative
Estate planning is a very important task that needs to be done by anyone that has assets that they want to leave behind to their loved ones. When you have an estate in place, you will be able to dictate and control what happens to your assets after you pass away. While the estate is […]