People often put no-contest clauses in their wills because they don't want their family members or others fighting over what they see as an unfair division of assets. These clauses may state that anyone who contests a will and tries to invalidate all or part of it is...
We are your Southern California partner in estate administration and estate protection.
Month: September 2017
The benefits associated with setting up an incentive trust
Do you wish you could exert more control over the choices your child made in their lives and as they progress through adulthood? If so, you may find that an incentive trust can help ensure that happens. These types of trusts have become increasingly popular among...
Incapacity planning: Things to keep in mind
There is more to estate planning than understanding what will happen to your assets upon your death. Forget about this for a second and turn your attention to incapacity planning. It doesn't matter if you are thinking about your own future or assisting a loved one who...
Late actor’s family battling over terms of trust, prenup
Less than a year after the sudden death of Alan Thicke, the popular actor's two sons are embroiled in a legal battle with Thicke's widow over his living trust and the terms of his prenuptial agreement with his third wife. The 69-year-old, perhaps remembered by most...
Handling sibling conflict when you’re the favored heir
Just because you prepare a will and other estate plan documents that are legally valid doesn't mean that there won't be conflicts among heirs, including siblings. If parents leave their home, for example, to just one of their children, the others may be hurt and...
Inheritance is not a birthright: Your estate plan is the law
When it comes to inheritances and estate plans, if the person who dies creates a legally valid estate plan, then this plan -- in conjunction with California law -- will dictate the dispensation of the estate. It doesn't matter if you're the wife, the son or the lover...
Circumstances in which a home can be placed in a trust
One of the more common estate planning questions that clients ask about trusts is whether their home can be placed into it. You can continue managing your assets if you place them into a family or living trust. However, there are certain conditions that must be met to...