In our previous blog post, we explained some of the ways that the full process of probate can be avoided through the utilization of some shortcuts when a will is used as the asset transfer vehicle.Why would someone want to avoid this process? As we stated in that entry, it is time-consuming, and the heirs do not receive their inheritances while the estate is being probated by the court. Significant costs can accumulate as well, and these expenditures ultimately reduce the value of the estate … [Read more...]
Probate, Living Trusts & Heggstad Petitions: Part 1
A lot of people are under the impression that inheritors receive their bequests in a timely and efficient manner when a will is used as an asset transfer device. In fact, this is not the case, because a will must be probated by the court before the inheritors can receive their bequests.Probate exists in part to give creditors the opportunity to come forward seeking satisfaction before the inheritances are distributed. The court is also charged with the responsibility of affirming the … [Read more...]
Reasons an Estate Plan Could Be Challenged: Part 1 – Formal Requirements
An Estate Plan is an essential part of your planning process. But there are ways an Estate Plan can be challenged as being invalid. This is part of a series of articles on ways an Estate Plan might be invalid and how to avoid these pitfalls.Reasons an Estate Plan Could Be Challenged: Part 1 – Formal Requirements … [Read more...]
The Questions of Estate Planning, Part 6: Why
People often have questions about Estate Planning. This is the sixth in a series of articles addressing those questions. This sixth article addresses “why” to do Estate Planning. Read on to learn more.The Questions of Estate Planning, Part 6: Why … [Read more...]
Reasons an Estate Plan Could Be Challenged: Part 2 – Undue Influence
An Estate Plan is an essential part of your planning process. But there are ways an Estate Plan can be challenged as being invalid. This is the second part of a series of articles on ways an Estate Plan might be invalid and how to avoid these pitfalls. This article looks at “undue influence.”Reasons an Estate Plan Could Be Challenged: Part 2 – Undue Influence … [Read more...]
Webinar Recording: 2019 Year-end Tax Planning for Investors
It is always important to review that there are five key areas of financial planning: Preservation, Retirement Planning, Investments, Tax Planning, and Estate PlanningAs a comprehensive financial services firm, we try to always consider the impact of any recommendation we make on not just one, but all of these areas for our clients.The webinar focuses primarily on the economy’s outlook and some year end tax planning ideas which could have an impact on some of your financial … [Read more...]
Webinar Recording: The Ins and Outs of Selling Real Property During a Probate
The sale of real estate in a probate administration proceeding presents a number of traps for some. Failure to comply with all requirements can result in a failure of the sale and the requirement that the process start over. Join us as we discuss common requirements and suggested procedures when selling real property during the Probate process. … [Read more...]
Continuing Legal Education in San Diego
Staying up-to-date is important. That’s especially important in Estate Planning and Elder Law. Academy members attending the semi-annual Academy Summit conference in San Diego learned about the latest developments in Estate Planning and Elder Law. Read on to learn more.Continuing Legal Education in San Diego … [Read more...]
The Questions of Estate Planning, Part 2
People often have questions about Estate Planning. This is the second in a series of articles addressing those questions. This second article addresses “what” Estate Planning comprises. Read on to learn more.The Questions of Estate Planning, Part 2 … [Read more...]
The Questions of Estate Planning, Part 4: Where
People often have questions about Estate Planning. This is the fourth in a series of articles addressing those questions. This fourth article addresses the “where” of Estate Planning. Read on to learn more.The Questions of Estate Planning, Part 4: Where … [Read more...]
