There are several reasons someone might decide to challenge whether a will is valid. The most common reasons are whether the will was properly signed, whether the person who made the will had the legal capacity to do so, and whether there is any suspicion that the person was unduly influenced or induced to create the will. In those situations, the will may be contested in probate court. Although these grounds may be challenging to prove in court, having to deal with these issues is something … [Read more...] about Can a “No Contest” Clause Help to Avoid Orange County Probate Litigation?
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Can You Help Me With Medi-Cal Asset Protection?
Eligibility for Medi-Cal benefits requires that you have a limited amount of countable assets. Even so, exempt assets may be subject to recovery by Medi-Cal after the death of the recipient. For these reasons, many clients are concerned about Medi-Cal asset protection and particularly whether they will be able to keep or sell their homes after a spouse receiving Medi-Cal benefits passes away. If you are faced with this situation, the Schomer Estate & Wealth Advisors is here to … [Read more...] about Can You Help Me With Medi-Cal Asset Protection?
Using Dynasty Trusts to Protect Your Estate For Generations to Come
For those with great wealth and the desire to control and protect the family assets for generations, while seeing to it that the generations that follow are required to pay as little taxes as possible, our Los Angeles estate planning attorneys recommend a dynasty trust. Why? Because a dynasty trust can essentially last forever. While the trust goes on for generations and generations, the assets in that trust, with proper planning, can continue to grow while your heirs are protected from estate … [Read more...] about Using Dynasty Trusts to Protect Your Estate For Generations to Come
Naming a Trust as Beneficiary of an IRA
Whom should you name as the beneficiary of your IRA or Qualified Plan? Sometimes, it can be best to name a trust for your intended beneficiary. Read on to see the protections a trust can offer that a direct designation of the individual would not. Naming a Trust as Beneficiary of an IRA … [Read more...] about Naming a Trust as Beneficiary of an IRA
Prenuptial Agreements Can Provide Remarriage Protection
Requiring a prenuptial agreement before your spouse remarries can provide peace of mind and protect your spouse, your children, and their inheritance. If you leave your assets in a trust for your spouse and children, you can require your spouse obtain a prenuptial agreement before remarriage. This can protect your loved ones. Read on to find out more about prenuptial agreements. Prenuptial Agreements Can Provide Remarriage Protection … [Read more...] about Prenuptial Agreements Can Provide Remarriage Protection
Estate Planning is About More Tan Taxes
Estate Planning addresses many concerns, not just taxes. It can protect beneficiaries from their own creditors, provide divorce and remarriage protection, and protect the benefits of children with special needs. Learn more about how Estate Planning can help protect your beneficiaries by providing privacy and other benefits. Estate Planning is About More Tan Taxes … [Read more...] about Estate Planning is About More Tan Taxes
California Estate Planning for Non-Citizens
Regardless of your citizenship status, having a comprehensive estate plan is a great idea. Individuals who may not have been born in the United States but live in California should consider the need to create an estate plan with the help of one of our Long Beach estate planning attorneys. It may be someone who is a non-citizen or non-resident, may have a green card or may have just recently gained their U.S. citizenship. Whatever your status may be, estate planning is necessary. Estate Planning … [Read more...] about California Estate Planning for Non-Citizens
Aretha Franklin Died Intestate: What Does It Mean for Her Family?
Aretha Franklin died intestate. Intestacy has definite drawbacks. Read on to see what this means for her family, financially and in other ways. Aretha was the Queen of Soul, but her lack of planning caused consequences she did not consider. Aretha Franklin Died Intestate: What Does It Mean for Her Family? … [Read more...] about Aretha Franklin Died Intestate: What Does It Mean for Her Family?
What You Need to Know About Suing a Trustee of a Trust
One of the primary purposes of a trust is to provide the organized distribution of property from one generation to the next. A trust lets you decide now which belongings you want to be given to whom. As with any other legal proceeding, there may be issues with a trust that will require trust litigation. If you are trying to determine whether suing a trustee of a trust is necessary, discuss your situation with a trust litigation attorney to decide what should be done. Reasons Suing a Trustee … [Read more...] about What You Need to Know About Suing a Trustee of a Trust
The Key to Perfect Los Angeles Trust Administration
Trustees have many important responsibilities when it comes to Los Angeles trust administration. Trustees are expected to make sure that all of the provisions included in the trust agreement have been complied with and all of the assets have been properly distributed based on those terms. In addition to distributing assets to beneficiaries, trustees are required to manage trust assets and maintain accurate records of every transaction that involves those assets. Since these responsibilities are … [Read more...] about The Key to Perfect Los Angeles Trust Administration
