Estate plans can provide many protections for those who utilize them. For many affluent California residents, reducing estate taxes is often of concern. Fortunately, estate planning can help them achieve that goal, but it is important that plans are updated...
Estate Administration & Probate
Probate issues: What is an insolvent estate?
On behalf of Newman Law Group | Sep 28, 2020 | Estate Administration & Probate
When a person in California or elsewhere spends more money than he or she earns in income, it can create serious financial problems. For instance, such a person might rack up substantial credit card debt. If a person has an estate plan but the estate is bankrupt, it...
Probate begins with filing and validating the decedent's will
On behalf of Newman Law Group | Sep 9, 2020 | Estate Administration & Probate
Being in the position to handle a person's final affairs can be rewarding and challenging. Some California residents may be happy to act as a loved one's executor in order to close the estate and ensure that the person's final wishes are carried out. Of course, the...
Follow instructions to see a loved one's estate through probate
On behalf of Newman Law Group | Sep 4, 2020 | Estate Administration & Probate
Handling a loved one's final affairs can be a bittersweet time. Many California residents undoubtedly feel grief over a family member's passing but may also remember the loving time they spent together as they assess the final estate. Of course, if a person is an...
Executors will need to marshal estate assets
On behalf of Newman Law Group | Jun 18, 2020 | Estate Administration & Probate
The death of a loved one is a life-changing event for surviving family members. It can be a challenging experience for a number of reasons, and the executor of the estate will likely have many challenges to face in addition to handling his or her personal feelings....
Estate planning tips to avoid probate
On behalf of Newman Law Group | Jun 5, 2020 | Estate Administration & Probate
Estate planning is often thought of as something only wealthy families need. However, every family should have a strategy in place to make the transition of assets smoother and less stressful for loved ones. One big reason to have an estate plan is to minimize the...
Careful planning yields successful distribution of estate assets
On behalf of Newman Law Group | Mar 9, 2020 | Estate Administration & Probate
There's a line often repeated about a wealthy man who passes away. One friend asks the other friend "how much did he leave?" to which the response is "everything he had." No matter the vast wealth one possesses in California, it remains behind when a person dies....
Well-planned estate administration can be a gift to loved ones
On behalf of Newman Law Group | Feb 26, 2020 | Estate Administration & Probate
People make plans and set goals in order to achieve success in life. Plans and goals can also be established in order to effect a smooth transition that will simplify matters after death for the person's loved ones. Successful planning can reduce costs of estate...
Probate and how to manage it
On behalf of Newman Law Group | Feb 10, 2020 | Estate Administration & Probate
Estate planning is a term that most people are familiar with but there are aspects that people may not be familiar with in California. One of these is probate and how it can impact an estate one wishes to leave for loved ones. Probate is the process that a will must...
Digital assets should be included with estate assets
On behalf of Newman Law Group | Nov 21, 2019 | Estate Administration & Probate
Most people in California have some awareness of the importance of having an estate plan, in part due to the recent passing of notable people who did not have one and the chaos that resulted around the resolution of their estates. What people may not be aware of is...
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