What Are the Benefits of Micro Estate Planning?
Traditional estate planning can reduce your taxes, eliminate large probate fees, and give you security for the future. However, you might be unfamiliar with a brand-new estate planning term: micro estate planning. What Is Micro Estate Planning? Long-term planning is important, and it should still be considered in your overall estate planning process. However, it is also important to consider ...
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Aretha Franklin’s Death Without a Will is a Reminder to Think About Your Estate Plans
According to documents filed in probate court, Aretha Franklin left no will or trust behind when she died. Without proper documentation of her assets, a net-worth estimated beyond $80 million and rumored debts, figuring the true worth of Franklin’s estate will likely be controversial and take time. If Franklin voiced any wishes for her estate and legacy prior to her ...
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Will I Get My Spouse’s Inheritance?
Inheritance laws help control the rights of the decedent's property and how much is inherited by each of his or her survivors. California is a community property state, which means the law presumes all property acquired during a marriage is owned equally by both spouses. However, property one spouse owns alone before a marriage or acquires by gift or inheritance ...
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The Importance of Having a Living Trust in California
How Will You Prevent Lengthy Probate Proceedings? The basic purpose of a living trust is to ensure that an appointed trustee of your choosing gains all property or other assets upon your passing or incapacity. If the individual who is in control wants to change details of the trust, they can apply for a revocable living trust. In California, the ...
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5 Important Estate Planning Lessons You Should Know
According to research conducted by the University of Pennsylvania, only 29.3 percent of Americans have a healthcare directive specifying their end-of-life wishes. Perhaps even more stunning, a survey from Caring.com found that less than half of adults in the U.S. have prepared estate planning documents, such as wills or living trusts. Here are five tips for estate planning that you ...
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Your Will – And Other Important Estate Planning Documents
Your will is an important document that can ensure that your property will make it into the right hands once you pass away. Without a will, your property is at risk of being divided according to California’s rules of interstate succession. While these rules will mean that your property will be passed down, it is likely that this property division ...
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Can I Sue if My Insurance Company Acts in Bad Faith?
Do you suspect your insurance company is acting in bad faith? Remember that your policy is paid-for and as such, your insurance company upholds a promise to provide you insurance protection. The company further is responsible for negotiating and settling claims in good faith. If you believe that an insurance company isn't negotiating in good faith, can you sue them ...
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Common Personal Injury Claims
If you’ve been injured in an accident, you could be compensated for injuries sustained in the accident. There are all types of accidents and injuries that could be a part of a personal injury claim and can cause people confusion. Here are a few common personal injury claims that could be filed, how liability will have to be proven, and ...
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Who Gets the Dog in a Divorce in California?
During divorce proceedings, the division of property is a common procedure most couples must go through. However, some divorcing couples can’t seem to see eye-to-eye on who gets the dog after the divorce. Dogs are often considered important members of the family and who the dog goes to may be very important to divorcing spouses. However, in the state of ...
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Common Reasons for Insurance Claim Denials
When you’re in an automobile accident, the last thing you want to deal with is a stubborn insurance company that refuses to help with your auto and medical costs. Sometimes claims can legally be denied due to valid reasons. In other cases, the insurer may not be fair in their denial of your claim. Before considering that your claim is ...
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