The overriding purpose of a will is for someone to communicate their wishes as to how their assets will be distributed after they pass away. Essentially, a will establishes the rules for distribution, including who is responsible for administering the estate, and it...
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Month: March 2014
Record-setting insurance purchase shows smart estate planning
Not long ago, a world record was broken in the state of California. No, it wasn't something as flashy as a land-speed record, but it is a smart one according to observers. By purchasing a life insurance policy worth $201 million, a California tech mogul smashed the...
Was ‘Billie Jean’ Michael Jackson’s lover? A DNA test may say so
Michael Jackson’s estate is embroiled in more controversy. It was recently revealed that the King of Pop could have fathered a child, who is now 31 years old. Brandon Howard, who is the son of famed R&B singer Miki Howard, is rumored to be the son that Jackson...
Estate plans prevent California judges from making your choices
A probate judge will decide what's best for your estate assets and minor children should you die intestate. Dying without a will means you forfeit control over the distribution of possessions and child guardianship. California succession laws, Probate Code sections...