Showing posts with the label estate planningShow all
What Happens If You Die Without A Will In California?

What Happens If You Die Without A Will In California?

Li - September 27, 2022

A Last Will and Testament in California is a crucial document that will dictate how your estate will be distributed after you die. This enables you to decide who gets a portion of your estate regardless if they're your closest kin. That said, what are the possible problems associated with not having a Will by the time you pass away? Let's look at the possible consequences and why every  California estate lawyer  advises you to draft and execute one: Possible Problems With Not Having A Last Will And Testament In California

Should You Wait To Draft A Will And Testament In Los Angeles?

Should You Wait To Draft A Will And Testament In Los Angeles?

Li - September 20, 2022

A Last Will and Testament is a legal document that outlines who you wish to inherit your possessions and money when you pass away. If you have small children, your will can also be used to select a guardian to look after them after your passing and to establish a trust to take care of their financial needs in the future. In short, a Last Will and Testament can designate who will take care of your estate after your passing. That said, why does every  California estate lawyer  advise that you get it as soon as you're able? Isn't a last w…

Does A Successor Trustee Control Living Trusts In Los Angeles?

Does A Successor Trustee Control Living Trusts In Los Angeles?

Li - September 19, 2022

A successor trustee takes over when a trustor or a previous trustee dies or cannot manage a trust for whatever reason. This is often indicated in a living trust, but the beneficiaries or a judge may decide on the successor trustee if not already stated in the document. As a trustee is in charge of managing the trust, choosing one is a big deal. It essentially gives a trustee power to take over some crucial decisions. That said, how far can that power go? What decisions can a trustee make? Can beneficiaries have a successor trustee removed in C…

What If You're Left Out Of A Will In California?

What If You're Left Out Of A Will In California?

Li - September 14, 2022

Children and heirs at law can be left off a will. This is because writing a last will and testament in California enables someone to list inheritors and detail exactly how their estate will be divided. This would not only allow someone to write off heirs from the distribution of their estate, but it also lets them write non-relatives and charities into it. However, there are cases where doubt is thrown into the will. For example, someone could have defrauded the document or used manipulative tactics to trick somebody into writing their heirs o…