An important tool of California estate planning is the power of appointment. A person making a will (a testator) can name a donee–the person who will exercise the power of appointment–to dispose of the testator’s property at a future date. For example, John Smith can make a power of appointment…
You often read news stories (or see fictional dramas) where aggravated family members “contest” the will of a relative. But can anyone contest a will? In California the established law is that a person cannot contest a will unless he or she is an “interested person” in the estate of…
When you make a Last Will and Testament, California law normally requires you sign it in the presence of at least two witnesses, who must also sign the will. It’s not necessary for the witnesses to read the will or understand its contents, only that you declare the document that…
While the status of same-sex marriage in California remains pending before the United States Supreme Court, domestic partnerships remain a legal option for any two adults–regardless of gender–who wish to register their relationship with the state. California law affords registered domestic partners the same “rights, protections, and benefits” as spouses.…
If during the estate planning process the wellbeing of your furry, four-legged family member is in the forefront of your mind, a pet trust could be your best option. These trusts can provide the peace of mind that the care and costs for Fido are squared away in the event…
The end of 2012 was filled with legislative and fiscal uncertainty. Amid the fiscal cliff discussions loomed year end changes in federal tax laws and the lingering effects of those changes on estate planning for coming years. Specifically, many were concerned about the gift and estate tax exemption expiration, and…
One of the least appreciated benefits of having professional assistance with things like estate planning and long-term finances is having an extra set of eyes watching for irregularities. After all, the world is a busy place, and it is easy to get overwhelmed by confusing paperwork issues. Many people allow…
Jenni Rivera was not a household name in most parts of the United States. But the singer, writer, and Telumundo star was known to almost everyone in Mexico. Had things gone differently, she may have gained a following in the United States as well, because she was set to appear…
If you have gone to the gym this week, chances are it was busier than at any other point in the year. It’s the same every January, as the start to the new year comes with a rush of neighbors committed to starting things off right. Losing weight and getting…
Celebrity estate planning and inheritance news often provides a helpful way to discuss basic topics that are applicable to all community members–even those without great wealth. At the end of the day, many of the same principles about proper planning apply to everyone, no matter what their situation in life.…