Periodic reviews of California estate plans are necessary to keep legal documents in line with personal, family and financial changes. Anticipated events, like marriage or childbirth, and unfortunate occurrences, like divorce or family death, can have instant effects on estate planning documents.
Tara Tyson Kulukundis was never well-known for her acting talents in New York or Los Angeles. The off-broadway and bit-part television actress did enjoy some notoriety decades ago and lived a comfortable lifestyle, at least until the death of her husband Manuel Michael Kulukundis.
Many people in California are familiar with mediation in divorce. Spouses who employ mediators often save money and time by resolving sticky issues like asset disputes without prolonged, emotion-fueled litigation.
Millions of people in California employ social media sites to share information and images every day. Beyond the public presence, consumers are also dependent upon online sources for financial transactions that may not be recorded or stored in any other form.
Legal documents used in estate planning have unique purposes. California advisers usually recommend that everyone creates a will. The same advice may not apply to revocable trusts, depending on individual estate plan desires.
Many wage earners spend decades building carefully-monitored retirement incomes while giving remarkably little consideration to beneficiary details. California estate planning attorneys see frustration and anger among heirs when proceeds from a decedent's beneficiary-related fund end up in the wrong hands.