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April 2019 Archives

Giving up your inheritance: Assignments vs disclaimers

You've inherited part of a family member's estate. Maybe they designated you as a beneficiary in their will. Perhaps they died without a will ("intestate") and you are due a portion of the estate under California's probate laws. What if you don't want or need the inheritance? You'd prefer that someone else receive it -- or at least a portion of it? Maybe you have a sibling who has greater need for the money (or property) than you do.

Signs it’s time to move your loved one to a nursing home

Making the decision to move a loved one into a nursing care facility might be one of the most difficult choices you ever make. Generally, no one likes the idea of uprooting an elderly parent from the home they have lived in for decades and moving them to a strange and unfamiliar facility. Unfortunately, there often comes a time when an adult child can no longer effectively care for an ailing parent and the move to a nursing home becomes a necessity.

Why do many Californians have revocable living trusts?

Many people think that they have no need for a trust in their estate plan unless they have millions of dollars in assets to pass on to their heirs and other beneficiaries. In fact, you can set up a revocable living trust even if your assets total far less than that. There are many good reasons for doing so.

Duties assigned as part of an estate plan

People who create an estate plan will usually set an executor and powers of attorney designations. For the people who are named in these positions, understanding what they mean is important. There are specific duties that must be handled properly. Failing to do these correctly can be costly for the heirs since mistakes may come with increased expenses and time.

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