There are a lot of things that you should know when you are devising your estate plan. If you do not act in a fully informed manner, you could make mistakes that negatively impact your loved ones. When you discuss things with a licensed estate planning attorney, you can go forward in a fully informed manner. Ultimately, you can emerge from the interaction with a personalized estate plan that ideally suits your needs. In this post we will look at some questions that you may want to ask your … [Read more...] about What Questions Should I Ask an Estate Planning Attorney?
Is Probate Always Necessary?
Is Probate Always Necessary? from Roy W. Litherland When an estate passes through probate, the court supervises its administration. Learn more about probate in campbell california in this presentation. … [Read more...] about Is Probate Always Necessary?
Is Probate Always Necessary?
Is Probate Always Necessary? from Roy W. Litherland When an estate passes through probate, the court supervises its administration. Learn more about probate in campbell california in this presentation. … [Read more...] about Is Probate Always Necessary?
What Is the Uniform Probate Code?
Back in the 1960s, forces within the legal establishment determined that the process of probate should be simplified and streamlined. Each state was using a different probate code, and interested parties wanted to see uniformity among the states. In 1964, the National Conference of Commissioners on Uniform State Laws worked in conjunction with the American Bar Association to draft a Uniform Probate Code. It took them quite a bit of time to put the code together, but the final version was … [Read more...] about What Is the Uniform Probate Code?
Is DIY Estate Planning Effective?
The process of estate planning involves the execution of legally binding documents. It is possible to purchase generic, template documents online. There are companies that sell last wills and other estate planning documents. Is DIY estate planning effective? Let's look at the facts. Choosing the Right Documents When you think about estate planning, you may assume that you should use a last will to state your final wishes regarding the distribution of your assets. It is possible that a last … [Read more...] about Is DIY Estate Planning Effective?
Free Report: Can Probate in California Be Avoided?
Probate provides certain protections, but it also comes with a number of drawbacks. Learn more about probate in California in this presentation. Topics covered in this white paper include: Public Access Probate Expenses Delayed Inheritances Probate Avoidance Conclusion Click here to read the whole article or download the PDF. … [Read more...] about Free Report: Can Probate in California Be Avoided?
What Are the Drawbacks of Probate?
What are the Drawbacks of Probate? from Roy W. Litherland If you are in direct personal possession of property when you die, the probate court will supervise the administration of your estate. … [Read more...] about What Are the Drawbacks of Probate?
What Is a Revocable Living Trust?
In this post we will look at a very commonly used estate planning device called a revocable living trust. These trusts can be useful for people of relatively ordinary means, and they are quite effective if you want to facilitate efficient asset transfers to your loved ones. Ongoing Control There are people who think that you surrender all control of assets that you convey into any type of trust. In fact, this is not the case with a revocable living trust. Look at the name of the trust: it is … [Read more...] about What Is a Revocable Living Trust?
Is Probate Always Required?
It can seem as though the utilization of a last will is the simplest and most efficient way to transfer assets. A trust can seem like something that is much more complicated. In fact, when you use a will, the heirs to the estate don't receive their inheritances until the estate has been probated. The probate court supervises the administration of the estate unless you take steps to avoid probate. There is a caveat to the above. In the state of California there are some probate shortcuts that … [Read more...] about Is Probate Always Required?
Why Should I Consider a Living Trust?
You have various different options when you are planning your estate. You can use a last will to record your final wishes regarding the transfer of your property, but it is not your only choice. Even if you are not wealthy, you may want to consider the creation of a revocable living trust as a vehicle of asset transfer. Probate Avoidance Probate is a legal process. When you use a last will to direct the transfer of your property, the will must be admitted to probate. During probate the court … [Read more...] about Why Should I Consider a Living Trust?
