Assets that remain in your estate after you pass away are generally subject to probate. During this process, it's possible that one or more parties may decide to challenge your will. However, only those who have standing to do so will have their challenges heard....
Being named as an executor of someone's will or being appointed as an administrator to settle the estate of someone who died involves a lot of work. Estate administration involves more than simply dividing up the decedent's assets and distributing them to the heirs...
California is the perfect place for senior citizens to relax after retirement. Unfortunately, the diminished mental capacity of some elderly individuals is often preyed on by people with bad intentions. However, it's possible to prevent elder financial abuse. Set up a...
California is one of the most litigious states in the nation, and the United States is the most litigious country in the world. It is not surprising, then, that many California residents place their assets into trusts to protect them from lawsuits, but this strategy...
According to California law, elder abuse refers to any action that causes or has the potential to cause harm to an elderly person. Per the CDC, an elderly person is an adult over 60. There are several types of elder abuse and some warning signs that an older person in...
Negligence or incompetence in trust management is one example of a breach of fiduciary duty when managing a trust in California. In order to be found guilty, someone must have been injured by the trustee’s negligence. While the trustee may face criminal charges if...
If you own property in states besides California, you should address this issue during estate planning. If you do not, the executor of your estate must go through the ancillary probate process to settle your assets. Consider the following steps to ease things for your...
Many California residents hold elders in the highest respect. Sadly, older adults sometimes fall victim to different forms of abuse because of their vulnerability. Financial elder abuse is one of them. Understanding financial elder abuse Financial elder abuse is a...
Estate planning can be an intimidating process for many California residents. From the outside looking in, it can seem exceptionally complicated and very emotional. A good estate plan is worth the time and energy spent though. As you’re starting the estate planning...
When California residents pass away, their estates usually go through a process called probate. During probate, the will is validated, the estate’s debts are settled and its assets are distributed according to the will’s provisions. The decedent’s personal...