LA Probate Law: Living Will vs. Living Trust Simply put, estate planning is the process of getting all your assets and affairs in order for when you pass away. To make sure that your family is provided for and that they will not have deal with legalities at a time when they can least handle dealing with it. This is usually done through living trusts and wills. The concept of estate planning may seem fairly straightforward, but it can be a very complex matter. It’s not as simple as … [Read more...] about LA Probate Law: Living Will vs. Living Trust
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LA Probate Law: Myths and Reality of Estate Planning
LA Probate Law: Myths and Reality of Estate Planning In this article the objective is to break through some of the myths and realities that come into play with estate planning. By bringing light and truth to some of the myths surrounding estate planning they can better understand the importance of keeping all of your estate plans in order. Taking away these misconceptions eliminates all fear and confusion when considering estate planning. In 2001 Congress passed the economic growth and … [Read more...] about LA Probate Law: Myths and Reality of Estate Planning
Funding a Timeshare into a Trust
Many timeshare owners may be planning a trip for the holiday season about now. The benefits of owning timeshare property are many. The majority of timeshare owners also wish to pass on that valuable property to their children when they die. However, timeshare ownership is not a straightforward as owning your home, or even owning a summer home. So, if you are considering establishing a trust as part of your estate plan, you should know that funding a timeshare into a trust takes the expertise of … [Read more...] about Funding a Timeshare into a Trust
Who is Competent to Make a Will in California?
Everyone knows how a last will and testament (or "will" for short) works and why you need one. A will is likely the most common estate planning tool, and for good reason. Wills are relatively easy to create and they allow individuals to pass on their property and assets to whomever they choose, after they die. What many people don't know, is that not everyone is competent to make a will in California. If you lack the legal capacity required to create a will, at the time the will is executed, … [Read more...] about Who is Competent to Make a Will in California?
LA Probate Law: Security for the Future
LA Probate Law: Security for the Future The only normal families are the ones on TV and for the most part they all have issues as well. As unfair and harsh as that may sound, the truth is that most of us and our families have had our fair share of dramas and issues. From sibling rivalry to parental conflict we have all been there at some point in our lives. As we get older we become more set in our ways and some of our “quirks” become more pronounced and most likely become more annoying … [Read more...] about LA Probate Law: Security for the Future
LA Probate Law: Settling an Estate
LA Probate Law: Settling an Estate When a family is suffering through the loss of a loved one the process of grief and the amount of stress that they are under can understandably feel like more than one can bear. There are so many hard decisions that they are faced with during this time when they feel least able to cope with or make them. Seeking the help of a lawyer who has experience and knowledge in LA Probate Law can be a tremendous help and stress reliever for the family. Settling … [Read more...] about LA Probate Law: Settling an Estate
Variety of Estate Planning Documents by LA Probate Law
Variety of Estate Planning Documents by LA Probate Law You may have heard some of the terms, Last Will and Testament, Living Will, Power of Attorney, but are not exactly sure what they are or whether you need them. From an Estate Planning perspective, these documents are essential to ensure that your assets are distributed properly and your legal interests are protected. The type of estate plan you need depends on your circumstances. The basic goal of any good estate plan is preparing … [Read more...] about Variety of Estate Planning Documents by LA Probate Law
LA Probate Law: Understanding What an Estate Planning Attorney Does
LA Probate Law: Understanding What an Estate Planning Attorney Does Estate Planning is when a person prepares for the handling of their assets upon the event of their death. It is the process of designating and managing their estate in order to reduce the amount of taxes owed and transfer assets to beneficiaries. The final goal of estate planning is ultimately that all your financial wishes are carried out upon your death and not left up to the courts to decide who gets what and when. … [Read more...] about LA Probate Law: Understanding What an Estate Planning Attorney Does
LA Probate Law: Unmarried Couples Estate Planning
LA Probate Law: Unmarried Couples Estate Planning Unmarried couples have a little bit of a hard time and face more challenges than married couples do but with a little bit of planning you can overcome these obstacles. Unmarried couples whether same-sex partnerships or opposite-sex unions face challenges when looking into estate planning. But there are also opportunities as well. It is advised that you seek counsel with a lawyer who has knowledge in LA Probate Law as many of these issues … [Read more...] about LA Probate Law: Unmarried Couples Estate Planning
LA Probate Law: Q & A
LA Probate Law: Q & A Q: What is probate? A: Probate is the court process by which a Will is proved valid or invalid. If a person has died and left the well behind this should be a simple process to get through. It becomes more complicated when the person has died and there is no will which is the case for most people. If the will is been made and you get remarried the prior will becomes invalid according to LA Probate Law. Q: Why does not having all will make things more … [Read more...] about LA Probate Law: Q & A
