In the current real estate market, it is difficult if not impossible for young individuals to purchase a home on their own. Often times, parents will step in to help by selling or gifting one of their homes to their child. This is a
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Typically, a conservatorship is necessary when a Conservatee did not create a proper and complete estate plan. By failing to do so, a family member must then obtain a court order so he or she can manage the Conservatee’s financial affairs and
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We often encounter married clients who have revocable trusts prepared years ago which mandate creation of multiple trusts at the death of the first spouse (Decedent’s, Marital and Survivor’s Trusts). Prior to 2011, this set up was necessary to protect the deceased spouse’s federal
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Digital assets as defined in the California Probate Code are “electronic record(s) in which an individual has a right or interest.” Cal. Probate Code §871(h) These accounts include your personal data stored in your computer or other digital devices, and your email accounts, blogs, or accounts
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A properly prepared estate plan will allow you to designate specific beneficiaries for all your assets, appoint trustees to manage your assets in case of death or incapacity, appoint guardians over your minor children, and appoint agents for your Powers of Attorney for Health
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It’s graduation season and an exciting time for grads and their parents. Soon they will be off to college and embarking on new adventures and have new responsibilities. They will pick classes, decide how late to stay up since mom or dad
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Many Bay Area people collect valuable personal property such as cars, motorcycles, musical instruments, jewelry, and/or fine art. These items need to be considered separately in the estate planning process. Although a will disposes of a personal items, if you own pricey collectibles, you need to
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For anyone that is a trustee of a trust or power of attorney for a principal, you know that you have quite a lot of control over one’s assets. In addition, you alone are responsible in making sure the trustor or principal’s assets are
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November is upon us, 2017 will soon come to an end. Often times in January, we encounter clients whose New Year resolution is to complete their estate plan. Why wait until January when you can start off the year with the peace of
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Bringing a new addition into the family is a milestone which necessitates that you revisit and revise your estate plan. If you had an estate plan prior to the birth or adoption of a child and fail to later include the child in
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