If you are newly married, you and your new spouse will probably want to make changes to your existing estate plans to reflect your new marital status. One of the first things you will likely consider is changing your existing Wills or creating Wills if you do not yet have them. You may have heard that married couples often create joint or reciprocal Wills. It is important to understand the difference between these two options as well as to understand how much either option can accomplish. With … [Read more...] about Married Couples: Reciprocal vs. Joint Will
One of the many reasons to execute a Last Will and Testament is to ensure that your estate assets are distributed according to your wishes after you are gone. If someone successfully challenges your Will during the probate of your estate, however, the terms of your Will won’t be honored. Knowing that, it only makes sense to do what you can to prevent a Will contest. With that in mind, the Los Angeles attorneys at Schomer Law Group, APC explain five things you can do to help avoid a Will … [Read more...] about 5 Things You Can Do to Help Avoid a Will Contest
When a loved one passes away, one of the first practical steps that typically occurs is a search for the decedent’s Last Will and Testament. If one is located, the person named as the Executor of the Will files the original Will, along with other supporting documents, with the appropriate court to initiate the probate proceedings. If you believe that the Will submitted to probate is not valid, you may be entitled to contest the Will using one of several legal grounds on which a Will may be … [Read more...] about How Do I Prove Undue Influence in a California Will Contest?
Although many people choose to incorporate a trust agreement into their estate plan, a Last Will and Testament continues to serve as the foundation for most estate plans. The Will you drafted even a few short years ago, however, may not cover your current circumstances, meaning you may need to make changes to your Will. With that in mind, the Los Angeles estate planning attorneys at Schomer Law Group, APC discuss how to amend your Last Will and Testament. Last Will and Testament Basics A … [Read more...] about How Do I Amend My Last Will and Testament?
You likely know what a Last Will and Testament is and have probably included one in your estate plan. Your Will allows you to decide how your estate assets are distributed after you are gone. Many people, however, want to pass down more than just assets. For that, you may wish to consider creating an Ethical Will. For those who are unfamiliar with the term, the Los Angeles estate planning attorneys at Schomer Law Group, APC explain what an Ethical Will is and why you might want to include one in … [Read more...] about Should I Create an Ethical Will?
El divorcio es tanto un proceso emocional como legal. Uno de los objetivos de la parte legal de un divorcio es dividir legalmente las deudas y los activos del matrimonio. Una cosa que las parejas que se divorcian a menudo pasan por alto durante el proceso de divorcio es cómo ese divorcio afecta los planes patrimoniales existentes. Cuando piensan en las ramificaciones del divorcio en los planes de sucesión, ya sea durante o después de un divorcio, comienzan a preguntarse si una exesposa (o … [Read more...] about ¿Sigue Siendo Válido un Testamento Después de un Divorcio?
Divorce is both an emotional and a legal process. One goal of the legal part of a divorce is to legally divide the debts and assets of the marriage. One thing that divorcing couples often overlook during the divorce process is how that divorce impacts existing estate plans. When they do think about the ramifications of divorce on estate plans, either during or after a divorce, they start wondering if an ex-wife (or husband) is entitled to an inheritance after the divorce. To help clarify the … [Read more...] about Is a Will Still Valid after a Divorce?
Estate Planning practitioners field questions regarding disinheriting beneficiaries regularly. The second question often relates to what happens when that beneficiary or any other tries to have the estate plan or portions thereof overturned. An “in terrorem” or “no contest” clause usually acts as a deterrent to such beneficiaries by completing divesting them of their inheritance should they choose to initiate a lawsuit. Read on to learn more … [Read more...] about What an In Terrerem Clause Can Do for You