When planning for the future, many people think about writing a will. Some may consider writing it by hand in the hopes that it will save time and effort. One name for a handwritten will is a "holographic will." While California does recognize holographic wills, they...
Undue influence in estate planning can cause significant issues with any beneficiaries. Understanding the burden of proof when contesting an estate plan on the grounds of undue influence is important. This ensures clarity and protection for the estate owner’s true...
Probate refers to the court-supervised process that distributes a deceased person's estate. While some assets bypass probate, others require it to ensure proper distribution. Understanding which assets go through probate can help families prepare for the process. Real...
Organizing your important documents is more than just a practical task—it is a way to honor your life’s work and ensure that your loved ones can easily manage your legacy. Knowing how to organize your files can provide peace of mind for both you and your family. Start...
Estate planning allows elderly people to protect their assets and ensure that their wealth is passed on to future generations. A well-structured estate plan provides clarity and peace of mind by outlining exactly how to distribute assets after death. This planning...
Probate is the legal process that occurs after someone passes away. This process involves the distribution of their assets and the payment of any debts. Probate can be a lengthy process, often taking several months to over a year to complete. However, there are...
Advance directives are legal documents that allow individuals to outline their preferences for medical care. They're used if the person cannot make decisions for themselves. These documents ensure that a person's healthcare wishes are followed. It's important to know...
Timing can play a crucial role when managing your assets and planning for the future. You might wonder if starting an estate plan is necessary before any health issues arise. Many people postpone estate planning, thinking it's only relevant for the elderly or unwell....
You may want to leave your children out of your will for many reasons. It may be because you have already given them their inheritance in advance, or they have become estranged. Whatever the reasons, you are entirely within your rights to do whatever you want with...
Retirement often marks a significant life change, and it’s essential to revisit your estate plan during this time. Ensuring that your estate plan reflects your current wishes and circumstances can provide peace of mind and security for your future. Importance of...