Probate is essentially the administration of your estate through the legal system after your death. The process provides for the transfer your estate in an organized and supervised manner. Contrary to what many people believe, the probate process applies regardless of whether you have a will or not. If you have a valid will, that document will determine how your estate is transferred during the probate process. Without a will, or if only a portion of your estate is addressed in your will, … [Read more...] about Understanding the Process of Probate in Los Angeles
You may not have thought about it, but many of us will take part in the probate process at some point. Each state has established its own laws regarding the process of probating an estate, which includes paying creditors and distributing property among heirs. The process can be complex and somewhat technical. There is a lot of paperwork to be completed and filed with the court within its strict deadlines. Indeed, the legal requirements must be followed to the letter. We are often asked, … [Read more...] about Does Your Firm Handle Probate of an Estate?
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?
The California Probate Process : An Overview from Scott Schomer Understand the probate process and what happens when you die without a valid will in California. Learn more about the California probate process in this presentation. … [Read more...] about The California Probate Process : An Overview
Probate is a legal process that takes place after someone dies. It generally involves proving the existence of a valid will (if applicable), identifying and inventorying the property of the estate, appraising that property, paying debts and taxes, and finally distributing the remaining property.In addition to paying debts, the probate process is also the way the federal government makes sure taxes are paid. Topics covered in this report include: Assets included in California probate Assets … [Read more...] about Free Report: Overview of the California Probate Process
Many of us will take part in the probate process for a loved one at some point in our lives. The process can be somewhat technical and complicated. Each state has its own specific laws that set out the steps of the probate process, including how to determine which creditors will be paid, and how remaining property will be distributed among the heirs. Paperwork must be completed and filed with the court by established deadlines, and the legal requirements must be followed to the letter. All … [Read more...] about How Long Does the Probate Process Take in California?
Dying intestate in Los Angeles means dying without a will. How your property is distributed in that situation, depends largely on which relatives survive you. Each state has its own set of laws regarding “intestate succession,” including California. In order to inherit in California, it is required that the person outlives you by 120 hours. So, for example, if you and your sister are involved in a car accident where your sister died only a couple of hours after you, her estate will not … [Read more...] about If I Die Intestate in Los Angeles, How will my Property be Distributed?
Probate is the process by which property passes to your heirs after your death. It is not always required, however. In fact, it is not difficult to avoid the probate process altogether. There are several estate planning tools that can be used to ensure that your property passes to your heirs without having to go through the probate process. Some common tools used for this purpose include joint ownership of property or assets, revocable living trusts, gifts and pay-on-death accounts. You … [Read more...] about Is Probate Always Required?