Real Property Transfers: Should I Add My Child to My House Title Now or After Death?
Saturday, 27 May 2023
Can I avoid estate planning if I add my adult child to the title of my house right now? This is an all too common question people have. Although it seems like a simple transaction, i.e., drafting a deed to include your adult child as the owner, there can be significant consequences. And you cannot
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Intestate Succession: Who Receives My Things if I Die Without an Estate Plan?
Sunday, 07 May 2023
If you pass away without an estate plan, the distribution of your assets will be determined by the laws of intestacy in your jurisdiction. In California, as a community property state, assets acquired during the marriage are generally considered community property. When one spouse dies, the surviving spouse usually retains ownership of their own share
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Advance Healthcare Directive Real Life: Terri Schiavo
Thursday, 16 March 2023
An Advance Healthcare Directive is a legal document that allows an individual to designate someone else, usually a family member or a trusted friend, to make medical decisions on their behalf if they become unable to do so themselves. The Directive also allows you to confirm your preferences for various potential medical situations, such as
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Advance Healthcare Directive Real Life: Nancy Cruzan
Thursday, 16 March 2023
An Advance Healthcare Directive is a legal document that allows an individual to designate someone else, usually a family member or a trusted friend, to make medical decisions on their behalf if they become unable to do so themselves. The Directive also allows you to confirm your preferences for various potential medical situations, such as
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Advance Healthcare Directive Real Life: Karen Ann Quinlan
Thursday, 16 March 2023
An Advance Healthcare Directive is a legal document that allows an individual to designate someone else, usually a family member or a trusted friend, to make medical decisions on their behalf if they become unable to do so themselves. The Directive also allows you to confirm your preferences for various potential medical situations, such as
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Why Your Estate Plan Should be Regularly Reviewed
Wednesday, 08 February 2023
You already completed your estate plan so you are one step ahead. But did you know that your estate plan will likely need to be revised at least once after the initial creation? There are several reasons why an estate plan should be reviewed. First, your personal circumstances and family dynamics may have changed since
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What Happens To My Children If I Die While They Are Minors?
Saturday, 04 February 2023
While building your estate plan, this is usually the topic no one wants to talk about, let alone think about. However, avoiding the topic could result in consequences that no parent would ever want to happen. If a parent dies leaving minor children, AND there is no other living parent or guardian, an interested party
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How Title to Your Real Property Affects Your Estate Plan
Thursday, 02 February 2023
When you purchase a property, escrow will send you instructions and ask you how you want to title your property. Although it seems like a quick “check the box”, this decision has major consequences, particularly with what happens to that property when you pass away. There are several common ways to hold title in California.
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What is a Revocable Living Trust and Why Would I Need it?
Saturday, 21 January 2023
When you pass away, your estate has to be administered, i.e., debts paid off, final taxes paid, final matters closed up, and assets distributed to heirs. Whether you have a will, a trust, or nothing at all determines how your estate will be administered after you pass away. Revocable Living Trust Definition There are many
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What Happens If I Die Without An Estate Plan In California?
Friday, 06 January 2023
Whether you have a will, a trust, or nothing at all, the setup, or lack thereof, determines how your estate will be administered after you pass away. After you pass away, your life has to be closed up, so to speak, almost like closing a business. Debts will be paid or negotiated. Assets will be
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