What are the dates and deadlines when someone dies?
What are the deadlines when someone dies? Here’s a summary.
Do Debts Die with the Person?
Does debt die with a person? TLDR: No, but the debt doesn’t get moved to someone else either. The debt must be paid from the deceased’s assets.
If someone dies with a will, what happens?
Whether someone dies with just a will or without a will at all, their estate goes to probate court. Here’s what you can expect that to look like…
What is a Power of Attorney?
What is a financial power of attorney? It’s a document that gives someone else the power to make financial decisions on your behalf if you’re incapacitated. It avoids going to probate court, and is a part of a comprehensive estate plan in California.
Case Study: Martha’s Power of Attorney
Martha’s power of attorney helped her loved ones avoid going to probate court when she was in the hospital. Read her story!
Case Study: Why You Need an Estate Plan in California
Follow Jane’s case study and how her family had to cope with probate because her mom passed away without a comprehensive estate plan in California
Why do I need an estate plan in California?
Why do I need an estate plan in California? TLDR: To avoid protect assets from probate, assist your family, and prevent disputes.
What’s the full cost of probate in California?
It’s easy to think about the cost of probate in terms of executor/attorney fees in California but there are other costs that the executor or administrator may need to pay up front and get reimbursed later by the estate.
Common Myths About Estate Planning Debunked: Insights for California Residents
There are several myths about estate planning in California; let’s take them one by one!
What is the probate process in California?
The probate process in California is lengthy and costly. Here are the steps involved — and how to avoid it!
When should you create an estate plan in California?
When should you create an estate plan? When you’re 18, when you have a kid, when you accumulate assets, when you retire… anytime!
Why do I want to avoid probate in California?
Probate court handles matters involving incapacity and death. It’s expensive, takes a long time, and it’s public.
How much does probate cost in California?
The cost of probate in California is based on the gross assets of the person who died.
What happens if I forget to put an asset in the trust?
Putting assets into the trust is a critical step to making sure your loved ones avoid probate court.
What does THIS mean? Definitions in Estate Planning
Terminology used in estate planning can be confusing. Here’s a summary of important terms to know.
Who needs an estate plan?
Everyone over 18 years old needs some form of an estate plan in California.
Why does probate in California take so long?
Probate court takes 18-24 months usually because of the steps that need to be taken and the court hearing schedule.
What is the first thing I need to do when a loved one dies?
The first, and most important thing you need to do when someone dies is grieve.
Do I need an estate plan in California?
Every adult in California needs some kind of estate plan!
What taxes apply when selling the house of someone who died?
When a house is sold after someone dies, there can be capital gains taxes and/or property taxes depending on the circumstances.