When a loved one, such as a parent, passes on, it can be difficult to pick up the pieces and move forward with your life. Even so, you need to know what's expected of you to ensure that everything is taken care of in the appropriate manner. This means many things,...
Estate Administration & Probate
What are the responsibilities of a will executor?
When creating an estate plan, there may come a time when you need to choose a will executor. Conversely, you may one day find that you are responsible for taking on this task. Either way, it's imperative to understand the responsibilities of a will executor. This way,...
Who is in charge of money left to your children?
As a parent, you naturally want to do everything in your power to ensure that your children are provided for both today and in the future. To that end, you may have taken steps to execute an estate plan that not only appoints guardians, but also identifies your assets...
Consider the many types of trusts when creating an estate plan
Are you in the process of creating an estate plan? If so, you understand the importance of making all the right decisions. While a trust is not the right approach for every individual, it may be something that fits your estate plan. If you are interested in creating a...
If your parents’ estate plan was ineffectual, learn from that
Did your mother, father or both parents manifestly ignore all important dimensions of estate planning to such a point that you and other surviving loved ones went through a flatly stressful -- as well as time-consuming and expensive -- ordeal to properly attend to...
Is this Medicare policy not just a bit short sighted?
A truism regarding estate administration that any seasoned lawyer knows to be flatly true is that a sound plan is fully grounded in due consideration of planning concerns in their entirety. Parsed out just a bit more, that means this: Because the lives of most people...
Probate and other issues: sound estate planning’s flexibility
Planning ahead is really what effective estate administration is centrally about for virtually every individual and family, notwithstanding the differences that naturally occur in every case. In one instance, a planner in Ventura County or elsewhere might be primarily...
Remembering David Bowie: artist an estate planning enthusiast
David Bowie was known throughout his multi-decade musical career as nearly an illusionist, given his ability to virtually reinvent himself every few years while appealing to a constantly expanding global audience. It turns out that Bowie will now also be recognized...
Ensuring that all estate planning goals are accomplished
Acronyms abound in estate planning, just as they do in many other areas of law. Here are a couple: POD and TOD. They mean payable on death and transfer on death, respectively. And what is the exact relevance of those shorthand designations, some readers might ask, and...
Broadly relevant: wide-ranging applicability of estate planning
A recent media piece points out that many people "prematurely conclude that estate plans are only useful for securing wealth for later generations." On initial examination, it is understandable why some individuals and families in Southern California and elsewhere...