Blog

What Is a Conservatorship and Who Is It For?

There are a couple types of “conservatorships.” First, in a conservatorship over the person, a court will appoint a “conservator,” to manage the personal care of a person who cannot provide for his or her personal needs for health, medical care, food, clothing, or shelter. The conservator decides where this person lives and oftentimes must decide [..]

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Estate Planning Can Ensure Your Hard-Earned Money Isn’t Wasted

As noted in a recent Reuters article, a growing number of baby boomers are drafting trusts that require their heirs to wait until they are older before they can collect their inheritances. A lot of people want to get some sort of estate plan in place to avoid the problems of their heirs squandering the money. The article states [..]

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Can I Deduct The Cost of An Estate Plan From My Taxes?

Some estate planning expenses may be tax deductible if they are related to the management of income-producing property. Please contact your CPA and ask him about Internal Revenue Code (I.R.C.) § 212(2). But these expenses are subject to the 2% floor on miscellaneous itemized deductions under I.R.C. § 67. Once the estate plan is already [..]

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Should you get an Umbrella Insurance Policy for a Rainy Day?

In addition to primary insurance policies, I recommend that some of my clients purchase umbrella or excess policies to provide additional insurance. In case you’re interested, California Insurance Code § 676.6 defines “umbrella liability insurance policy,” “excess liability insurance policy,” and “excess property insurance policy.” First, What is an Excess Insurance Policy? In plain English, [..]

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Out-of-State Property and Probate (Ancillary Probate)

What happens when a California resident owns real estate outside of California? Or what happens when a resident of another state owns real estate that is located in California? Usually, there must be two or more probates. There must be an “ancillary probate.” Sometimes, (but not all the time) a probate will also be started [..]

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Pet Trusts: Part 2

Pets are part of the family. When planning for the distribution of your estate, make sure that the pets you love receive proper care for the rest of their lives. To do this, you can prepare and execute a Pet Trust that sets money aside to provide for your pet’s needs. Like other trusts, you [..]

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Choose Your Trustees and Executors Wisely

In California, the creator of a revocable trust, called a Settlor or Trustor, usually administers the trust first. In this situation, trust administration is often so informal it’s almost nonexistent. While the Settlor is also a Trustee, no other person has a right to make any demand on the Settlor as Trustee. This includes a [..]

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Making Your Way Through Probate

Probate is a time-consuming, expensive, and complicated process. In addition, most of the information involved in a probate is public. The fees are set by statute and the laws determine how much money will be paid for an attorney and an executor. However, with proper estate planning, I help my clients to avoid probate altogether. [..]

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Probate In California

After a loved one passes away, there are many items that one must deal with. In addition to medical bills, funeral costs, and other debt, there may be legal costs associated with a person’s passing. Mourning is painful, and I help clients handle the legal issues so they can focus on other important matters. At [..]

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Should You Create A Trust For The Care Of Your Pet?

A Trust is a legal entity that can own property. Once a Pet Trust is established, you can fund it and provide instructions for the Trustees. This can be the most effective way to ensure that your family’s animals are well fed and taken care of without you. My office will take care of everything [..]

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