Estate Planning News In Torrance, CA

What is a Valid Will in California?

Probate Code Section 6400 in California pertains to the definition of a valid will. For a will to be legally valid, it must meet certain criteria: California Probate Code Section 6111 states that a holographic will is valid as long as it meets the following requirements: However, it is still recommended to consult with an

What Does a Trustee Actually Do?

A trustee is an individual or entity appointed to manage and administer assets or property on behalf of others, known as beneficiaries. The trustee holds legal title to the assets or property and is responsible for managing them in accordance with the terms of a trust agreement or other governing document. Here are some key
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
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