The term “incapacity” has different meanings depending on the context in which it is being used. During legal proceedings, “incapacity” usually refers to an individual’s ability to comprehend the nature and consequences of those proceedings. Topics covered in this report include: Legal Incapacity Mental Incapacity Temporary Incapacity How is incapacity defined in California? Why is determining incapacity so important? Who makes the determination of incapacity? Can a … [Read more...] about Free Report: Incapacity in California
Incapacity Planning
Conservatorship Process in California
There may come a time when you need to find a way to help a loved one manage their affairs. If your situation requires formal control and management of your loved one’s personal, medical and/or financial affairs, you need to consider a Conservatorship. In California, a conservatorship is similar to a guardianship, with the exception that it applies to adults who need support and protection. A conservator has a fiduciary duty to act solely on behalf of the conservatee, with regard to finances, … [Read more...] about Conservatorship Process in California
What Is Conservatorship in Los Angeles California?
At some point in your life, you may have to decide whether a loved one needs to have a conservator appointed to manage their personal affairs. When that time comes, it will be helpful to understand what a conservatorship in Los Angeles California entails. A conservatorship has to be established through a legal proceeding. The court must appoint someone to act as the decision maker for the person who needs protection (the “conservatee”). Once the court has determined that the person is indeed … [Read more...] about What Is Conservatorship in Los Angeles California?
Durable Power of Attorney in Los Angeles: What Are Its Advantages?
A durable power of attorney is a very important estate planning tool. It allows someone you choose to handle some or all of your affairs, should you become unable to do so yourself. You, the person signing the legal instrument, is known as the “principal.” The person you authorize to act on your behalf is called the “agent” or the “attorney-in-fact.” A durable power of attorney is a specific type of power of attorney. Unlike a regular power of attorney, a “durable” power of attorney will … [Read more...] about Durable Power of Attorney in Los Angeles: What Are Its Advantages?
What is the difference between conservatorship and power of attorney?
When a loved-one becomes unable to make sound decisions or manage their own affairs without help, it is time to look at the best way to provide that help. Both conservatorship and power of attorney are ways to do just that. But there are some very significant differences between the two which should be discussed with a California estate planning attorney before making a choice. What is a Conservatorship? A conservatorship is a legal relationship created through a formal court proceeding. The … [Read more...] about What is the difference between conservatorship and power of attorney?
Incapacity Planning in California
Incapacity Planning in California from Scott Schomer Determining incapacity is a difficult and emotional process for those individuals intimately involved with the decision. Sometimes it is necessary to establish incapacity in estate planning because some estate planning tools only become effective when the person executing the instrument has become incapacitated. Learn more about incapacity planning in California in this presentation. … [Read more...] about Incapacity Planning in California
What is Incapacity in California?
What is Incapacity in California from Scott Schomer The term "incapacity" has different meanings depending on the context in which is being used. During legal proceedings, "incapacity" usually refers to an individual's ability to comprehend the nature and consequences of those proceedings. Learn more about incapacity in California in this presentation. … [Read more...] about What is Incapacity in California?
Conservatorship in Los Angeles CA: How Do I Know If My Parent Needs It?
When a loved one becomes mentally impaired, it is usually a matter of time before they will need assistance taking care of their personal and financial affairs. Some common signs of diminished capacity are getting disoriented and lost when away from home, forgetting to take medication or leaving the stove on. When you see these signs, it may be time consider whether a conservatorship is needed. It is always best to deal with the situation before your parent becomes a hazard to themselves or … [Read more...] about Conservatorship in Los Angeles CA: How Do I Know If My Parent Needs It?
Free Report: What is a Conservatorship in California?
Understand what a conservatorship is and what is required to established one in California. Topics covered in this report include: Determining Incapacity What are the Duties of a Conservatorship California? Advantages of Conservatorships Disadvantages of Conservatorships What are the Alternatives of Conservatorship? How will I Know if it is Time to Consider a Conservatorship? Click here to read the whole article or download the PDF. … [Read more...] about Free Report: What is a Conservatorship in California?
What Is Estate Planning?
Estate planning involves preparing yourself and your family for the possibility of incapacity and the inevitability of death. Different estate planning tools can be used to create a plan depending on which type of plan you need. You can certainly prepare for both by creating a comprehensive plan. Planning for the future is very important. For one thing, planning ahead will allow you to ensure that your property is inherited by the people you choose, while reducing the amount of estate taxes … [Read more...] about What Is Estate Planning?
