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July 2013 Archives

California estate plan "flaws" may reflect a decedent's wishes

Actor James Gandolfini was worth an estimated $70 million at the time of his death. Reports said the star of the HBO series "The Sopranos" left behind a will that passed the bulk of his fortune to a baby daughter and siblings. Critics felt estate planning mistakes cost the late actor's heirs tens of millions of dollars.

Planning a California trust for a special needs child

Parents of a disabled child often worry how to set up an estate plan that provides an inheritance without disqualifying the child from valuable government benefits. Estate planning trusts can be designed to help a special needs beneficiary without sacrificing Supplemental Security Income or Medi-Cal, the California Medicaid program.

Are relatives qualified to be executors of California estates?

This question can only be answered by you as a testator, the will creator. The decision to designate a spouse or other relative as the executor of your estate depends on the qualities, abilities and willingness of the family member.

Estate planning just got easier for California gay couples

Los Angeles estate planning attorneys just got very busy. In one fell swoop, the U.S. Supreme Court threw out the Defense of Marriage Act and shot down Proposition 8 in California. Gay couples who reside in the state now can marry and gain federal financial benefits that were once denied to them.

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