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Just like the name suggests, a special power of attorney is slightly different from a standard power of attorney. If you’re in Concord, California and require a special power of attorney, it’s best to do your research first and determine what they can and can’t do for...
As a California tech entrepreneur, you are in a constantly changing environment, focusing on building your business, innovating new ideas and securing your financial future. However, it is equally important to plan for the future of your estate. Estate planning is a...
If a California estate is worth no more than $184,500, probate is simplified, and some steps can be skipped. Even then, however, the probate court must authorize the named executor to act as the estate's representative. An executor's duties include the following...
After a California resident dies, their assets will automatically belong to their estate. The estate must be settled through the probate court process unless the decedent established a trust and funded it with all of their assets. While trusts allow assets to be...
Estate planning refers to the process of determining what happens to your assets after your death. While many people in California don’t want to think about their own mortality, most financial experts recommend having an estate plan. While the process may seem...
California business owners need to think about creating a succession plan for their company. This is an important element of estate planning and helps ensure that your business continues running smoothly if that is your wish. Preparing for your departure Succession...
Conservatorships are legal arrangements in which a court appoints an individual or organization to manage the personal and/or financial affairs of another individual who is unable to do so themselves. In California, conservatorships are governed by the Probate Code...
A comprehensive estate plan helps you get your financial house in order and provides a way to shield your California assets from seizure and federal and state estate taxes. An estate plan also allows you to appoint one or more trustworthy individuals to handle your...
Many California residents understand the importance of estate planning. If your parents have never discussed this issue with you, it’s possible they haven’t begun to make these arrangements, and you should talk to them about where they stand. Include your siblings If...
Living trusts are legal documents that California residents often include in their estate plans to give them more control over how their assets will be distributed after they pass away and to avoid the probate process. The person who creates a living trust is called...