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June 2019 Archives

When people won't leave a home that's part of a California estate

Real estate holdings are often some of the most coveted assets involved in an estate. When a loved one dies, they may choose to leave the family home to one person. Other times, they order the executor of their estate to sell the home and split the proceeds of the sale between the various heirs and beneficiaries. In some cases, if the home has historical value, a person may want it to go to a historical charity or local nonprofit.

How much info should you give your family about your estate plan?

When you're creating your estate plan, you'll need to determine what details you want to share with family members and what to keep to yourself. Of course, there are some things you'll need to discuss with at least one or more family members. For example, you need to get someone's agreement before making them your executor or trustee or giving them power of attorney or other fiduciary responsibility.

What you should know when disinheriting relatives

Millions of lesbian, gay, bisexual and transgender (LGBT) people worldwide are celebrating Pride Month along with their supportive friends and family. Too many, however, have become estranged from some family members -- and sometimes from their entire family -- because of who they are.

What should you include in your revocable living trust?

Many Californians make a revocable living trust the centerpiece of their estate plan. It allows them to maintain control over their assets while they're alive and well. Then the assets are transferred to their designated heirs and beneficiaries upon their death.

Choosing the wrong trustee can be a costly mistake

Among the most important decisions you'll make as you create your estate plan is naming the trustees and successor trustees of your trusts. A dishonest trustee can take all of your hard-earned assets and keep them from the loved ones and beneficiaries you intended to leave them to.

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