As technology continues to advance, many of us have accumulated a significant amount of digital assets, including online accounts such as social media, email, online banking, and more. However, not many of us think about what happens to these accounts after we pass away. In this post, we will discuss the importance of protecting your digital assets and how estate planning can help ensure that your online accounts are managed according to your wishes. Understanding Digital Assets Digital … [Read more...] about Protecting Your Digital Assets: What Happens to Your Online Accounts After You Pass Away?
Peace of Mind in Contentious Probates: Why a Professional Fiduciary is Essential
A California professional fiduciary in a probate can resolve many issues that may arise. Probate can be a complicated and stressful process, especially when it comes to contentious probates. These types of probates occur when there are disputes among family members or beneficiaries over the distribution of assets. In these situations, having a California licensed professional fiduciary can be incredibly beneficial. NO EMOTIONAL TIES Firstly, a professional fiduciary has no emotional ties … [Read more...] about Peace of Mind in Contentious Probates: Why a Professional Fiduciary is Essential
Expertise, Objectivity, and Efficiency: Why Single Individuals Need a Professional Fiduciary in their Estate Plan
How can a professional fiduciary for estate planning help you? If you're single and don't have children, you might think that you don't need an estate plan. However, having a professional fiduciary serve as trustee can provide many benefits. A licensed professional fiduciary is obligated by law to act in your best interests, ensuring that your assets are managed and distributed according to your wishes. This guarantee of proper asset management can provide peace of mind for … [Read more...] about Expertise, Objectivity, and Efficiency: Why Single Individuals Need a Professional Fiduciary in their Estate Plan
Single Parents: Why You Need to Create a Legal Plan for Your Children’s Care
Estate planning for single parents is extremely important. Thinking about what happens if we become incapacitated or die is not pleasant. It is essential to have a plan in place for these possibilities. This need is even more critical for single parents who have children to care for. Here are some documents that single parents should have in place for themselves and their children: Estate Planning for Single Parents - Nominate a guardian In case of incapacity or death, who will become the … [Read more...] about Single Parents: Why You Need to Create a Legal Plan for Your Children’s Care
Why Los Angeles Probates are So Lengthy: Understanding the Reasons Behind the Delays
Los Angeles probates can be incredibly lengthy and complex, and there are many factors that contribute to this. Firstly, the probate process involves a lot of paperwork and documentation. This can take a long time to prepare and file. Additionally, there are often multiple parties involved in a probate case. Beneficiaries, creditors, and attorneys, which can lead to delays and complications. Another reason why Los Angeles probates can be so lengthy is due to the court system. The probate … [Read more...] about Why Los Angeles Probates are So Lengthy: Understanding the Reasons Behind the Delays
Estate Planning Webinars: A Time and Money-Saving Solution
Are you considering creating an estate plan, but you're not sure where to start? You may want to attend an estate planning webinar before meeting with an attorney. Attending a webinar can be a time and money-saving solution, allowing you to better prepare for your consultation. Why You Should Attend an Estate Planning Webinar Firstly, attending a webinar can help you get a better understanding of the basics. You'll learn about the different types of estate planning documents, how they … [Read more...] about Estate Planning Webinars: A Time and Money-Saving Solution
Probate Fees in Los Angeles County: Understanding the Costs and How to Minimize Them
Probate Costs in LA County can be a considerable amount of money, with several factors determining the final amount. Let's explore the cost of probate in Los Angeles County and the factors that affect it. California's statutory fees for probate depend on the value of the estate. The fees are a percentage of the estate value and increase with larger estates. The breakdown of the fees is as follows: The California statutory fees for probate calculation is based on the gross estate value, … [Read more...] about Probate Fees in Los Angeles County: Understanding the Costs and How to Minimize Them
Insights on Estate Planning: What We Can Learn from Raquel Welch’s Experience
Estate Planning: What We Can Learn from Raquel Welch Raquel Welch, the iconic actress and model, has had a successful career spanning over six decades. With her net worth estimated at around $30 million, it's no surprise that she has taken steps to plan her estate and protect her assets for her loved ones. If you're considering estate planning, here are some key lessons you can learn from Raquel Welch's approach: Raquel Welch takes an active role in her estate planning, ensuring the … [Read more...] about Insights on Estate Planning: What We Can Learn from Raquel Welch’s Experience
What is Probate and Why is it Necessary in California?
Probate is a legal process that occurs after someone dies, and it's necessary in California to transfer ownership of the deceased person's assets to their heirs. If you live in Los Angeles, California, and are dealing with the death of a loved one, you may be wondering what probate is and why it's necessary. Probate in Los Angeles, California, can be a complex and time-consuming process, but it's necessary to ensure that the deceased person's assets are distributed according to their wishes … [Read more...] about What is Probate and Why is it Necessary in California?
Formas Comunes de Incluir Donaciones Caritativas en Su Plan de Sucesión
¿Eres alguien que da regular y generosamente a la caridad? Si es así, puede esperar continuar con sus donaciones caritativas después de que se haya ido. Si bien simplemente puede hacer donaciones caritativas en su Última Voluntad y Testamento, hay otras opciones que ofrecen beneficios adicionales tanto para usted como para el destinatario. Los abogados de planificación patrimonial de Los Ángeles en Schomer Law Group, APC discuten formas comunes de incluir donaciones caritativas en su plan … [Read more...] about Formas Comunes de Incluir Donaciones Caritativas en Su Plan de Sucesión