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The probate possible is notoriously slow, but with a little bit of foresight and careful planning, there are a few things you can do to fast-track it.  

Posted in: General

Dealing with end-of-life administrative processes can be a stressful and emotional time. After the death of a loved one, it can sometimes be unclear as to how the assets of the deceased will be distributed.

What’s worse, the process is only made more confusing due to the fact that each state has different laws with regards to asset distribution.

California has its own set of unique laws which you should be familiar with if you live in the state or are involved with a property-owner in the state. Here, we’ll break down the California Inheritance Law to help you get a better understanding of how it works.   

Are you putting off the probate process? If so, you should know that there could be steep consequences for waiting too long.  Squatters, Stock Market Crashes and Insurance Claims can case major issues in probate.

The type and amount of taxes you pay (if any) depends on the asset you inherit and the details of the estate. 

 “Inheritance tax,” “death tax,” and the “estate tax” are all terms which refer to the tax due on the transfer of assets to an heir or beneficiary after an estate owner dies. But they are not exactly the same things.

Posted in: General

Deciding whether to talk to your children about your estate plan can be fraught with a host of difficult emotions — anxiety, fear, resentment, perhaps even guilt — but there are good reasons to have the conversation.

When you file probate, at some point you will likely encounter the probate clerk. In states that allow for electronic filing, these encounters will be more limited. Nevertheless, you should be aware of and know your probate clerk, as they can be a valuable resource to help you with your probate.

Spending lots of time thinking about your own death can feel a little morbid, but none of us know when a tragedy could strike. Having a plan in place helps ensure that our loved ones are cared for and that our assets are protected if the unexpected occurs.

If you’re struggling to talk with your parents about their estate planning, you’re not alone. One third of older Americans have not discussed their aging or end-of-life plans with their family, according to a 2018 Wells Fargo study.

Have you been thinking of the future and wondering how best to take care of your family? You may think that creating a will means you can avoid probate – unfortunately, that is not the case.

If you’ve just become the executor of an estate, you may be wondering: is probate necessary? Probate is not necessary when the deceased’s assets are not the kind of assets that are required to go through probate or when the value of the estate falls below a particular state’s small estate limit.