A “Living Will” is a document that allows you to legally set forth your health care wishes. In a comprehensive estate plan it is commonly included as a part of a “Advance Health Care Directive”.
Estate Planning
How to Remove a Personal Representative of an Estate in California?
A Personal Representative in a probate (an “Executor or Executrix” if the person was named in the decedent’s Will, or an “Administrator” if not named or no Will existed) is the individual appointed by the Probate Court to faithfully administer a decedent’s estate for the benefit of the decedent’s creditors and beneficiaries. Failure to perform his/her duties faithfully could be cause for removal
What You Should Take into Account When Planning for your Estate?
As you plan for the inevitable, a number of factors come into play. There are quite a few things you should consider before you pass away or are become incapacitated.…
(Estate Planning Terms) The Difference Between a Trustor, Settlor, Grantor, Trustee, and Beneficiary.
Estate Planning is much easier to digest if you have a solid understanding of the terminology. Understanding the terms Trustor, Settlor, Grantor, Trustee and Beneficiary will allow you to better…
The Job of an Estate Planning Attorney
The estate planning attorney has years of continuing law education and mentoring as well as experience. He/she advises his/her clients on how they can direct their financial and health care…
What Happens if I Die Without an Estate Plan?
When a California resident dies without a Will, he/she has died “intestate”. This is a legal term meaning the person died without documenting his/her wishes for distribution of his/her estate.
What is a California Financial Power of Attorney ? (Simplified- 2019)
A California Financial Power of Attorney (“POA”) is a document that gives a third party (your “Agent”) the legal authority to make certain financial decisions on your (the “Principal’s”) behalf.
What is an Advanced Health Care Directive?
Advance Health Care Directives are documents that grants to specifically-named and trusted “health care” agents the authority to make health care decisions for an individual in the event of such individual’s incapacity.
Who Should I Choose as Trustee of my Trust?
The Trustee is the person in charge of managing and investing Trust assets and making distributions (if the terms of the Trust require it) to the Trust’s beneficiaries. Thus, one…
Can I name my Trust as beneficiary of my life insurance?
As provided above, it is generally not advisable to transfer (re-title in the name of the Trust) life insurance policies to Trust. By doing so, you may subject the proceeds…