Your estate is comprised of everything you own including your home, financial accounts, vehicles and personal household items. When you pass away the property in your estate needs to be distributed to your heirs after your debts and taxes have been paid. If you do not have the proper estate planning documents in place the State of California will take over the handling of your estate through the process of probate if you have $150,000 in combined assets including the equity in your home. Probate is costly, time consuming and public in nature. It can take up to a year or more for the probate process to be completed and the required statutory fees will be paid out of your estate. Your heirs will have to wait for the process to be completed to receive their inheritance. The details of your estate will also be public record. For these reasons an estate plan tailored to you and your family’s needs is essential and can provide great peace of mind. A complete estate planning package typically includes a Revocable Living Trust, a Pour-Over Will, a Durable Power of Attorney for Finances and Personal Affairs and an Advance Health Care Directive. In some instances a Special Needs Trust may also be appropriate.
Power of Attorney
Special Needs Trust
Special Needs Trust
Executive Order 13771 entitled “Reducing Regulation and Controlling Regulatory Costs” was signed by the President on January 30, 2017. The Order directs federal agencies to repeal two regulations for every new regulation and to...
The California State Treasurer’s Office is finalizing the details of the CalABLE Savings Account program and anticipates it will be open for business by early winter 2018. CalABLE is a new program that allows persons with disabilities to open a ...
The Site Cleanup Subaccount Program (SCAP) is a relatively new funding program (SB 445, 2014) which allows the State Water Resources Control Board (State Water Board) to issue...
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