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August 2012 Archives

Estate plans: Update what you create

If you don't have an estate plan, you aren't alone. Many Californians die before drafting wills, creating confusion among heirs and leaving asset distribution to probate judges. Even individuals who have estate plans can wreak havoc among beneficiaries, if the plans are not updated regularly.

Federal 'death tax' reprieve extended through 2013

One of the most challenging factors in estate planning can be preserving your assets for heirs and beneficiaries. When wills and trusts are not set up properly, monitored and changed appropriately, assets that were meant for loved ones can turn into unintentional government tax revenue.

California attorney says Jackson's will dispute is useless

The brothers, sisters and father of legendary pop singer Michael Jackson were not named as heirs of their late brother's estate and now the siblings have publicly, but not legally, challenged the validity of Jackson's will. Many legal experts say the famous siblings' argument would be futile in probate court.

$11 million Los Angeles family estate under watch

The management of a California family's $11 million trust fund is under careful watch by federal law enforcement officials and family members. A probate judge in Los Angeles County recently approved a $50,000 compensation payment to one of the estate trustees, who is under FBI scrutiny.

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