Valentine’s Day Celebrate Valentine’s Day every 14th day of February. This gives us the chance to show how we appreciation people important to us. These people may be our family, friends, or someone who makes us feel special. We often give gifts to show our appreciation to our loved ones. This can be in … Continued
Probate Sale refers to selling assets owned by the deceased to the public. Probate Process It is natural for a person to pass on their assets from one person to another. But, when a person passes away without transferring their assets, the Probate Court becomes involved. The Probate Court is identifies the people who … Continued
Who is the Personal Representative? A personal representative is the person who represents the estate of a person who died without a Last Will, or intestate. The Probate Court has the duty to select the person best suited to take the responsibility. The descendants can not choose the person but they can nominate someone … Continued
Understanding Probate In order to differentiate between the types of assets which will undergo probate, and those which will not, it is imperative to understand what probate entails. Probate is a legal procedure that occurs when someone dies. The probate court will assess the decedent’s assets and proceed in accordance to the decedent’s Last Will, … Continued
Probate Who? You’ve heard about probate, but do you actually know what it is? Do you hear positive or negative things about probate? Who goes through probate? Probate is the legal procedure that occurs when someone dies affecting their assets. The probate court evaluates and distributes these assets. The first step in probate … Continued
Where There’s No Will, There’s No Way Have you ever wondered what happens when someone passes away without a Will? How often do people pass away without a Will? Do people from all financial backgrounds die without a Will? Before all the above questions are answered, it’s important to understand the terminology surrounding Wills. If … Continued
Estate Planning is an Essential Do you often hear the term “estate plan” in conversations with friends, colleagues, or family members? Estate planning is a crucial topic, especially as we age. It offers a comprehensive strategy to safeguard your finances and health, providing peace of mind. Regardless of your age, creating an estate plan early … Continued
Probate Process Did you know that the probate process varies depending on the type of estate? Small estates have a separate probate process that is often overlooked, but many estates actually qualify for it. Qualifications In California, certain criteria determine whether an estate qualifies for the small estate probate process. The first requirement is … Continued
What is a Special Needs Trust A Special Needs Trust (SNT) maintains the finances of a disabled individual who may need help managing them . Also, SNT allows the individual to continue to receive government benefits such as SSI and Medicaid/Medi-Cal. Creating a Special Needs Trust has many benefits but you must be aware of the … Continued
Why Do Rich People Have Estate Plans? When you hear the term estate plan or Trust, what is the first thing that comes to mind? For some of us, the first thought may involve very wealthy people. Their “Trust Funds”, overseas bank accounts, commercial property, etc. Estate planning is also very effective for everyone’s … Continued