Succession in the State of California
If you were to die in the state of California with no last will and testament in place, what would happen to your belongings? California, like other states, sets its own line of succession in regard to inheritance. Here is the initial line of succession, depending on family members who survive you. Spouse – Remember that this only applies to those who are legally married. If you have been...Read More
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Tips Regarding Life Insurance Policy Beneficiaries
A life insurance policy can help your family to financially navigate the difficult time they will experience when you pass away. From covering burial costs to helping the family get by until the rest of the estate becomes available, life insurance can play a vital role in your estate planning. Here are a few tips regarding life insurance policies. Keep your beneficiary up to date – Your life...Read More
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The Impact of a Divorce on Your Estate Plans
A divorce is a major life change. It can occupy much of your time and your thoughts, even if you are the one who initiated the change and feel that it is for the best. At a sensitive time like this, you don’t want to make mistakes regarding your finances, which may be heavily affected by the divorce. One thing to review is your estate plan. Here are two reasons: Making changes to your...Read More
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Smart Bank Accounts for Avoiding Probate
Probate court can drain valuable resources from your estate and cause your loved ones to have to wait to receive their inheritance. How can you fast track some of the funds that your family will need when you pass away? The type of bank accounts that you use can help. Here are two to consider: Joint accounts – This is the best option for couples. You can share the bank account. If something...Read More
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A Few Estate Planning Tips for Couples
The novel coronavirus has a lot of people thinking about the future of their family and estate. The good news is that couples have a lot of great estate planning options available to them in California. Here are a few situations that call for specific types of trusts. You have a very large estate – An A/B trust can help to protect your estate when it is large enough to be impacted by the...Read More
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Leaving Your Estate to Beneficiaries Through Trusts
Trusts can help your estate to bypass probate court. This allows your beneficiaries to receive the full amount you leave to them without having to wait or pay court fees. What are a few types of trusts that you may not know about? QPRT – A qualified personal residence trust allows you to transfer ownership of a property that you own to a family member without them having to pay the current...Read More
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How Long Does California Give You to Make a Personal Injury Claim?
Depending on the state that you live in, there can be varying laws that determine the statute of limitations for a personal injury case. For example, here in California, the statute of limitations on personal injury depends on the damages you want to pursue, how they were caused, and by who. Here are a few examples: When you experience an injury – You have two years to make a personal injury...Read More
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4 Categories of Personal Injury Compensation
From car accidents to slip and fall injuries, there are many things that result in a personal injury claim. We are going to look at four types of compensation that you may be entitled to if you have been injured due to the fault or negligence of another person. Medical costs – Be sure to track all of your medical expenses. These should be covered by the responsible party. Property damage –...Read More
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