By: David L. Crockett, Attorney, CPA UCLA Law School , J.D. ’69, UC Berkeley ’66 901 Dove St., Ste 120, Newport Beach, CA 92660 Phone: 949-851-1771 Email: David@CLCNewport.com Website: TrustandProbateLawyers.com WHAT YOU SHOULD EXPECT WHEN ALL IS SAID AND DONE? You should end up with (a) custom prepared, understandable, and…
Reasons for Estate Planning People engage in estate planning to establish a comprehensive plan to cover what happens to their money and property in the event of disability or death or divorce. Each estate plan is custom tailored to your personal situation. A typical estate plan will: 1. be changeable…
By: David L. Crockett, Attorney, CPA UCLA Law School , J.D. ’69, UC Berkeley ’66 901 Dove St., Ste 120, Newport Beach, CA 92660 Phone: 949-851-1771 Email: David@CLCNewport.com Website: TrustandProbateLawyers.com Introduction. Both wills and trusts are involved in almost every estate plan. They each have their own uses and characteristics.…
Typical situation. An elderly mom with two adult children, Sally & John, passes away with a house full of nice personal belongings (furniture, antiques, crystal and jewelry). Sister Sally lives with mom or in the same town and brother John lives 500 miles away. When mom passes, Sally notifies John…
Who Will Take Care of My Children and Their Inheritance if the Worst Happens? Types of Guardianships For Children Guardianships For Children – A guardianship is a legal status whereby an adult is given authority to take care of the person of a minor child and/or the estate of the…
A Will Can be Set Aside and Disregarded if a Court Finds that the Maker Lacked Testamentary Capacity PRESUMPTION OF CAPACITY California law presumes that everyone has the mental capacity to make a will. Thus, if someone challenges a will in probate court for lack of mental capacity it is…
How did that kid get so much money to blow! 18 is the age of majority When a child turns 18 years he or she is considered to be an adult under California law. In legal terms, children under age 18 are called “minors” and when they reach age 18…
Wills benefiting the attorney or caregiver are suspect Abuses in formation of wills and trusts In California over the last few decades there have been some situations whereby attorneys or caregivers have had wills or trusts prepared that benefit them. There was a famous case of a 95-year-old lady whose…
Cut out the heirs who challenge the will using No Contest Clauses Challenges can occur If a will or a trust does not make an equal division of the estate then an unhappy heir might want to make a challenge. The law does not require you to equally divide your…
How Often Should You do an Estate Plan Review? Outdated Estate Plan? An Estate Plan Review Helps You Deal with Life Changes Once you have your estate plan drafted and and your selected assets funded into your Revocable Living Trust, you can’t simply throw your estate planning documents into a…