Probate proceedings in California and around the country verify that wills are valid, provide for the payment of outstanding debts and taxes, and ensure that heirs receive their inheritances. But what happens if one of the beneficiaries passes away before the process...
Concord California Estate Planning Blog
The trustee’s job: Managing assets for beneficiaries
A California trustee manages assets for the benefit of others, known as beneficiaries. This role differs from an executor, who manages and distributes a deceased person's assets to fulfill their final wishes. The individual who establishes a trust, called the grantor...
Why you should consider mediation for estate planning
Estate planning in California is often thought of as something that the benefactor does alone without little or little input from their family. However, there are benefits to going through a mediation process while drafting your estate plan. Improve communication Poor...
Granting power of attorney is a critical part of estate planning
Most people in California know it is prudent to draft a will so that heirs receive their intended bequeathment. However, don't forget to protect your own interests. Make arrangements to grant one or more individuals power of attorney so that they can carry out your...
Over 1 million Americans are controlled by conservatorships
In the United States, there is a legal process known as a "conservatorship." In California, it is mostly used for the elderly who are no longer able to take care of themselves. However, it can also be used for people of any age who are unable to help themselves. But...
How do you prepare for divorce mediation?
Many California couples who get a divorce decide to do so through the often easier route of mediation. It’s important to know how to prepare for the process. What is divorce mediation? Divorce mediation is a good option for working together with your spouse to end...
What does estate planning involve?
Estate planning could help anyone who wishes to direct their assets toward chosen beneficiaries. Some may leave assets to charity or even put them in a trust. Others might learn estate planning in California may include other steps not related to asset transfers....
Paths to estate planning
Estate planning involves careful thinking and consideration. Estate planners may benefit from avoiding mistakes that might render their documents invalid under California law. So, turning plans into legal documents requires deliberate and careful steps. Some steps...
Siblings financially supporting aging parents in California
When people grow old, they become weaker and more susceptible to injuries and infections, as well as depression and other psychological conditions like Alzheimer's and dementia. As a result, their adult children often have to take on the responsibility of caring for...
What you should know about life estates in California
While some types of property transfers in California may seem similar on the surface, there can be significant differences in the legal structure and the rights and responsibilities that come with them. This is especially true when it comes to life estates....