Wills play a crucial role in probate since they specify deceased estate owners’ wishes as to the distribution of their assets. However, it is not uncommon in probate cases for wills to go missing or for a deceased individual to not leave one at all. When these happen,...
Helping You Through Times of Change
Year: 2023
3 tips to help you emotionally prepare for divorce
Divorce is a challenging and emotionally charged process that can take a toll on your mental well-being. Emotionally preparing for divorce is just as important as preparing for the legal aspects. Consider these 3 tips to help you navigate the process. 1. Validate your...
Potential risks of conservatorship
Scammers prey on people from all walks of life, but those with mental or physical incapacities are particularly vulnerable. To safeguard them, they or their loved ones can appoint a conservator to manage their care and financial assets. However, because this role has...
Why keeping beneficiaries informed is crucial in trust administration
A trustee must maintain a balance between skillfully managing a trust and maintaining a good relationship with the people involved in the trust’s administration. This includes regularly and clearly communicating the necessary information to the beneficiaries to allow...
How estate planning benefits you and your elderly parents
Your parents may have seemed invincible when you were a kid. But now that you’re older, you can see a decline in their health and once-sharp memories. Sadly, the illness or death of a parent with no estate plan can impose significant financial burden and emotional...
3 signs that you need a conservatorship for your aging parents
As people grow older, their ability to make sound decisions and manage their affairs may decline, leading to concerns about their safety and well-being. This decline makes them more vulnerable to poor or costly decisions that could jeopardize their well-being....
What can be a breach of fiduciary duty?
In a trust, there are three roles involved: the grantor, the beneficiaries and the trustee. Among these positions, the trustee is responsible for managing the assets within the trust, making them have a fiduciary duty to the trust's owner and beneficiaries. A trustee...
3 ways to avoid delays in probate
Generally, the more the issues are in probate, the longer the proceeding will be. Consequently, the longer the proceeding takes, the costlier the fees will be. If your loved one’s estate is about to go through probate, here are a few things you should know about...
An overview of guardianship for minors
When creating an estate plan, parents may need to consider who would care for their minor children in the event they are unable to, usually through death or incapacity. In California, there are several steps to create a guardianship, which is a legal arrangement where...
Can my loved one have different conservators of their person and estate?
When our loved ones can no longer care for themselves, our worries multiply. Those concerns will not instantly vanish even if the court appoints a conservator to look after them. While conservatorship is not a new concept, many people have little to no knowledge about...