Newman Law Group

May 2017 Archives

Probate nightmares surround entertainer's estate administration

The California courts often are called upon to administer the estates of deceased celebrities and entertainers. Sometimes the probate of such matters is simple, and  other times it is complicated. Possibly none can compare in complexity and chaos to the estate of Prince, which has been litigated in another jurisdiction for over a year.

Family meetings can prevent probate battles by children

Family conflict is unfortunately a fact of life that exists in California and everywhere else. It can be a bitter dynamic when it erupts in the context of probate of a deceased parent's estate. Probate contests not only may drain the estate of funds, but they also contribute to bad feelings among family members that can last for a long time.

Appointment of a strong executor protects the heirs and assets

There are several options that an individual or married couple residing in California may choose when deciding who to appoint in the will as a personal representative of the after-death estate. The first thing that people generally try to do is to appoint a trusted friend or family member to manage the estate and make the ultimate distributions to the heirs. In the case of a husband and wife with mutual wills, they will generally appoint each other as personal representatives, with an alternative who will act if both spouses die within a short time of each other.

Estate planning provides asset protection for one's heirs

In California and elsewhere, the process of estate planning serves several useful purposes. One of the most important is the protection of assets on behalf of one's selected heirs. Having everything in order at one's death will prevent unnecessary family squabbles and monetary expenses and will assure that the maximum value of assets will go to the family members and friends that the maker chooses.