Tustin Estate Planning Law Blog
Include a business succession plan when estate planning
Planning for the future is essential when operating a business in California. Life can come with unexpected events that must be prepared for ahead of time. Estate planning is an excellent way to accomplish this task when you want to ensure your assets go to your...
Should you leave your children equal inheritances?
Planning your estate is an important obligation for any California adult. When creating your will, you may wonder if you should leave each of your children the same inheritance. There are reasons why you shouldn’t do that. One child is bad at managing money If you...
Can you contest a will?
Assets held in a California estate after an individual passes on will likely be subject to the state's probate laws. If the deceased person had a will, the probate process is designed to ensure that the document is valid. It may be possible for certain individuals to...
What you should know about your will
If you are a legal adult in the state of California, you are encouraged to create a will as soon as possible. Having a will allows you to determine where your assets go after you die, and it also allows you to name a guardian for any minor children that you may have....
Estate planning issues unique to doctors
Estate plans are not one-size-fits-all; a strategy that works for a car dealer may not work for a doctor. Thus, it's essential for everyone to look into the specifics of their situation and goals to develop a plan well-fitted for them. If you are a physician in...
Setting up an estate plan with minor children in California
Estate planning can be a difficult topic for younger California residents, but it’s a necessary conversation to have if you have minor children. An estate plan can ensure your young children are taken care of and provided for should the worst happen. What should...
Creating an estate for your special needs child
One of the most important parts of planning your estate is setting up a plan for your children to be taken care of when you pass away. You can set up an account for adult children to use in financial emergencies or create a trust that a family member will oversee on...
What is proof of charitable contributions in California?
Some donations that are made to charities in California require proof just as at the federal level. There are a few differences in when and how to provide this proof on your federal and state tax returns. Charitable contributions limits California has a lower...
Estate planning: learning about simple wills and living trusts
When you've worked hard your entire life to save money or acquire valuable items, you'll likely want to eventually pass the items in your estate to your relatives. However, the process of passing down your assets could go wrong if you don't know the proper steps to...
The pros and cons of buying properties through probate sales
When someone passes away in California, they will typically leave behind their home to another person. But that doesn't always happen. If someone who died leaves behind a home without any heirs to claim it, a local probate court is in charge of selling it. Here's a...
