If you already have an estate plan in place, you are ahead of the curve, but that doesn’t mean you can rest on your laurels and assume everything will work out in the future. An estate plan must be revisited regularly to ensure everything still matches your wishes. Here are a few ways to know it is time to review your estate plan.
- You just experienced a life-changing event – Any time you get married, divorced, have a child, adopt a child, etc., it is time to review your estate plan to make sure the right people are included.
- You’ve changed your mind – Whether something has changed about what you want to do with your funds or how you feel about a particular beneficiary, it is time to review your plans.
- You have a sudden change in income – Whether you suddenly have a lot more or a lot less money, you need to make sure that your estate plan is still the best option for distributing your assets.
- You can’t remember the last time you reviewed it – You should be at least scanning your plan annually and giving it a closer look every 3 to 5 years. If you can’t remember the last time you checked your estate plan, then it is definitely time.
Updating Your Estate Plan in California
If you need to update your estate plan in California, the estate planning attorneys at Petrov Law Firm would be happy to help. Whether you are new to the state, need to update your existing plan, or want to get started with your first estate plan, call our San Diego office at 619-344-0360 today!Read More
Being named the executor of a will places you in a position of trust and honor. Whether you are a relative or a close friend of the deceased, how can you carry out your assignment with dignity and benefit the heirs? Here are a few tips:
- Be organized – You have a lot of things to take care of, so good organization skills are a must. Color coding tax information, bills from creditors, titles, deeds, policies, statements, and other key data is a good idea.
- Get used to being on the phone – You need to be a good communicator to be a good executor. Between the beneficiaries, the IRS, the court, and creditors, there is always going to be someone who needs information. Keep good records of your communications since people suddenly become forgetful when money is involved.
- Get legal assistance – Acquiring the help of an estate planning attorney can help you to avoid common mistakes that executors often fall prey to. If you are worried about the expense, it is a small price for the estate to pay if it helps beneficiaries to maximize their inheritance and to receive it in a timely manner.
Estate Planning Lawyers in Southern California
If you are in or near the San Diego area, the estate planning lawyers at Petrov Law Firm can provide the assistance you need. For help in fulfilling your duties as the executor of a will in a cost-efficient and timely manner, just call 619-344-0360 today, and we will get you set up with an attorney who can help you to navigate the murky waters of probate court.Read More
When you suffer a personal injury, the first priority has to be getting medical assistance. However, there are concerns that people have when an ambulance is called at the scene of the injury. For example, what if the facility you are brought to or the doctor who examines you is not in network? This can result in a lot of extra expense, especially if you want to do your follow up with the same doctor or facility.
There is good news, however. Compensation for personal injury settlements should include coverage for your medical expenses regardless of whether you saw a doctor who was in network or not. In fact, there is a precedent for your expenses being covered, even if you decline to use your health insurance. You just have to be sure to get a settlement or win the case. Otherwise, you will be the one who is responsible for the medical bills that add up.
Proving fault or negligence is key when it comes to personal injury cases, so you want an experienced attorney on your side.
Experienced Personal Injury Attorneys in Southern California
If you are in San Diego or the surrounding areas, Petrov Law Firm has the experienced personal injury attorneys that you need when trying to maximize your settlement so as to get those expensive medical bills paid. Just call 619-344-0360 today to schedule a consultation, and we can help you to determine if you have everything you need for a case.Read More
California may not have the toughest smartphone laws for drivers, but there are definitely a few things you should know before you get on the road with a mobile device. Here are some tips for avoiding a traffic violation (and for general safety since these laws are in place to keep drivers from being distracted).
- For drivers under the age of 18, be sure to tuck your phone away and leave it there until you arrive at your destination. 18-year-olds are not even allowed to make hands-free calls while driving in California.
- For drivers over the age of 18, hands-free calls are okay. However, you still need to avoid sending or even reading texts while driving.
- For drivers over the age of 18, you are allowed to pick up your phone to make a call. Just be sure you have a headset, use the speakerphone option, or have the phone connected to your car via Bluetooth. The only thing you are allowed to hold your phone for is dialing.
- California’s smartphone laws only apply to drivers on public roadways. If you are in your own driveway or a private lot, you are allowed to use a phone. Just be cautious because if you hit another car in a private lot while talking on your phone. It may not be illegal, but it can still make the accident your fault for being distracted.
Car Accident Attorneys in San Diego, CA
If you have been injured by a distracted driver in California, you may be due additional compensation for medical bills, missed time from work, and other damages. To learn more, speak with the experienced personal injury attorneys at Petrov Law Firm by calling 619-344-0260.Read More
You probably don’t want to think about spending the last decade of your life in a nursing facility any more than you want to think about the end of your life in general. The only problem with that is: long-term care can completely drain assets you intended to leave to your loved ones. Here are three reasons you have to consider long-term care when planning for your estate.
- It’s more common than you think – Most people avoid thinking about long-term care because many people don’t need it. However, about 10% of people end up spending more than three years in a nursing home. 4 out of 10 people will at least spend some time in nursing care. And any time in a nursing facility is going to cost thousands of dollars per month.
- The costs add up fast – Depending on the facility you are in, costs can range from $40,000 a year to over $100,000 per year. That can eat away at an estate very quickly. You can minimize the costs and protect yourself against running out of funds with the right estate planning.
- It’s not covered by healthcare – It is unlikely that your health coverage is going to pay for long-term care. Medicare and Medicaid are great for doctor’s visits and prescriptions but not long-term assisted living. And yes, there are private insurance plans that cover long-term care. You just need to be sure you don’t spend your entire estate on premiums.
Planning Ahead for Long-Term Care in California
Petrov Law Firm can help you organize your estate so that long-term care doesn’t end up costing your family their inheritance. Contact us today at 619-344-0360 to speak with an experienced estate planning attorney.Read More
Probate court can be beneficial when a person dies without any estate planning in place. However, when you are planning for your estate, part of the goal is usually to keep your assets out of probate court. Here are a few of the reasons why.
- It can be a long process – You want your heirs to benefit from your estate as quickly as possible. However, probate court can tie up funds and other assets for months or even years in rare cases.
- It can get expensive – The longer things drag on, the more court costs will mount up. This can result in major court fees that can make a significant dent in your estate before your heirs even get to enjoy it.
- Everything is public record – When your estate goes through probate, it becomes public record. This may open your beneficiaries up to attacks from scammers or other criminals who now see how much you left to various family members or friends.
Protect Your Estate with Professional Estate Planning Services in California
At Petrov Law Firm in San Diego, we specialize in helping California residents to protect your estate and preserve it for future generations rather than for court fees. Our attorneys are experienced in helping clients to set up trusts and directly leave their estate to heirs in other legal ways. To schedule a consultation, call us today at 619-344-0360. We look forward to helping you plan successfully for the future of your household.Read More
If you have lost a loved one due to the actions or negligence of another person or company, you have our sincerest condolences. There is nothing more tragic than a life being cut short due to something that should have been avoidable. Here are the most common causes of wrongful death suits:
- Motor vehicle accidents – Whether the offending driver was driving recklessly, distracted, sleepy, or under the influence, many car accident fatalities qualify as a wrongful
- Medical malpractice – Whether medication is dispensed incorrectly, a procedure is performed improperly, or an obvious diagnosis is missed or provided incorrectly, the doctor or medical facility may be at fault.
- Defective products – If a company knew about the defect and failed to provide a recall in time, or the defect was due to negligence in some way, this can qualify as a wrongful death case. It can also be something like a failure on the manufacturer’s part to inform the user of safe practices for the use of the product.
- Work accidents – Whether the accident was avoidable due to poor safety protocols or the company failed to train their employees properly, these foreseeable incidents qualify as a wrongful
Legal Assistance for Grieving Family Members
When you are grieving a loss, you need compassionate assistance from an experienced wrongful death attorney. Petrov Law Firm is southern California’s source for the care you need when tragedy strikes. Call 619.344.0360 to learn how we can help you get the compensation you deserve.Read More
You may be surprised to learn which careers carry the highest risk of a work injury claim. We’re going to take a closer look at some of California’s most dangerous jobs to see who is at greatest risk for an avoidable work injury according to the California Department of Labor.
- Nursing home staff and home care workers – Who knew it could be so dangerous working with the elderly and infirm? Workers at government-run facilities face the highest risk.
- Woodworking – Assembling wooden products requires a great deal of skill and knowledge of how to use a number of different machines. It also pays to be safety conscious based on the injury claim statistics.
- Messengers – Whether you are a private courier or work for a delivery service you are at risk. However, private messengers face the most injuries. Perhaps this is because private messenger services are often called upon for more dangerous deliveries that may involve adversarial situations.
- Animal workers – Whether you raise animals, slaughter them for food, or try to heal them when they are ill, you are working in one of the most dangerous industries in California. Animals can be unpredictable, and that becomes even more so when an animal is taken from its natural habitat.
Southern California’s Expert Personal Injury Attorneys
Residents of San Diego and the surrounding areas can turn to Petrov Law Firm when work injuries and other personal injuries occur. To get your case started, call our experienced personal injury lawyers today at 619.344.0360.Read More
There are a lot of things that can be fun to do yourself. In fact, many home projects can save you a ton of money if you learn to take care of them on your own without the help of a paid professional. However, when it comes to your estate planning, you don’t want to take any chances. Here are three reasons:
- Mistakes – Even if you go to a legal website that offers a form will and legal support, there are still mistakes that can easily be made. Whether it is something that is omitted that should have been in your will or perhaps wording that is not valid in California (since legal matters vary from state to state), you just want to be sure that your planning is valid.
- Dispute resolution – Don’t let your life’s work end up tied up in probate court for months or even years before your beneficiaries are left with what hasn’t been spent on court fees. The wording is key when it comes to estate planning. You want to be sure that things are ironclad, so no one can challenge your decisions.
- Confidence – Hiring an attorney can give you peace of mind because you won’t have to worry if your DIY will is good enough to get your wishes carried out.
Southern California’s Premier Estate Planning Attorneys
If you are ready to prepare your estate plan with confidence, then it is time to call the pros at Petrov Law Firm. Dial 619-344-0360 today to get the help you need in being prepared for the future.Read More
Being a successor trustee is a weighty responsibility. You want to be sure that person you select will do what is best for the trust and ensure a good financial future for your beneficiaries. However, there are some common pitfalls that a successor trustee could fall into. Here are a few ways to provide help that may prevent the most common pitfalls.
- Bookkeeping errors – Is your trustee level-headed but not the best with numbers? An accountant can help ensure that no mistakes are made. Plus, a second set of eyes keeps everyone on the straight and narrow.
- Crossing the line – A successor trustee can fall into think that he or she plays a larger role in how the assets are preserved than you intended. Leaving precise instructions will help your trustee to remember what his or her proper function is.
- Envy – Your trustee sees what you are leaving to your beneficiaries and is the one doing all the work. In order to avoid feelings of envy or jealousy from clouding the trustee’s judgment, it is a good idea to provide adequate compensation.
It is also important to be objective when selecting your successor trustee. The best way to avoid problems is to select the best person for the job rather than allowing sentiment to get in the way.
California Estate Planning Experts
For more assistance with trusts, contact the estate planning attorneys at Petrov Law Firm by calling 619-344-0360. We are happy to help California residents plan for the future with confidence.Read More