Imagine you suffer from a catastrophic health event. Maybe you have a stroke or you get into a car accident that leaves you unconscious and incapacitated. Your sister -- who is the closest person to you -- arrives at the hospital and asks the doctor about your condition and the doctor refuses to give her the information.
As we grow older, there comes a time when it is wise to consider giving another person the authority to make important legal and financial decisions on our behalf. These individuals may have a variety of duties, depending on the needs of the person they serve, and may go by a number of titles denoting their specific obligations and privileges. For the sake of brevity, we'll address legal guardianship.
When creating an estate plan, there will come a point when you need to think long and hard about whom you name as the executor. While you may have many options, you need to make a final decision at some point.
Being the executor of a loved one's estate is no easy task and it's a very big responsibility. These responsibilities could feel overwhelming to the average California resident, especially if you've never served as an executor before.
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.
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 of the decedent, you are not entitled to receive anything that the estate plan and the law do not assign to you.
When it comes to your parents' home, you might think that you have a natural right to live there, even after they pass away or become incapacitated. While this usually does not cause a problem, in some cases, a parent's home may pass ownership to someone else who does not wish for you to live there.
Determining when it is time for a loved one to move into a nursing home is a tough process. Many people try to put this off as long as they can, but doing so can cause some hardships on the caregivers.
Most California residents want to spare their heirs the difficulty, time and costs associated with probate proceedings. There are a lot of different strategies one can employ to eliminate the need for probate. One way involves the elimination of probate for specific assets, and it involves the use of joint property.
Dissatisfied family members have attempted to challenge wills ever since their creation as a tool to make one's end of life wishes known and pass on property to heirs. It is, in many ways, a fixture of the process for many families.