A trust is a legal creation that gives one person a right to benefit from an asset while it is held by another person. The second person creates the trust by granting the right in the asset or property they own. This person is referred to as the “grantor.” The grantor can also name someone […]
Creating a revocable living trust is an important step in comprehensive estate planning. Typically, you will act as the trustee and ensure your assets are handled competently while still alive. Then, when you pass away, your designated successor trustee will manage and distribute the trust’s property. When you appoint your successor trustee, you should choose
A trustee is an individual who administers a trust on behalf of the beneficiaries. Trustees are responsible for managing trust assets, including maintaining the property and making sure it is productive – i.e. generates income or profit. However, a trustee’s job can be challenging and downright impossible if they don’t have the skills or expertise
There are three primary types of lawyers who work with estate law: probate lawyers, estate lawyers, and probate litigation lawyers. While they both work in the same area of law, probate lawyers handle the probate process after an individual passes away, while estate lawyers help living clients set up wills, trusts, or other estate planning
The death of a spouse is one of life’s most emotionally challenging events, and that sudden change can also create financial uncertainty. While many people assume surviving spouses automatically inherit everything, this is not the case in California. If your deceased spouse dies with a will, their share of community property and their separate property
A person can contest a will if they believe the person who executed it was suffering from dementia at the time. However, whether the testator’s dementia is sufficient to invalidate the will depends on many factors, such as the nature and severity of their dementia symptoms. Is a will legal if the person has dementia?
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and does not, and is not intended to, constitute legal advice. You should consult an attorney for advice
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