Loving each other, living together and even having kids without marriage, for some people in California, is their preferred way of life. Of course, it has some benefits, as it reduces the pressure to go through the legal process of marriage and all that it entails....
Trusts
Things nobody warns you about being an executor in California
On Behalf of Newman Law Group | Aug 23, 2023 | Estate Administration & Probate, Trusts
It's a great honor for someone to trust you to handle their estate in California after they die. That being said, being an executor is not a simple task. Many potential issues can arise while carrying out this duty, and depending on the size and complexity of an...
What is a California Totten trust?
On Behalf of Newman Law Group | Aug 14, 2023 | Trusts
A Totten Trust is a bank account that transfers funds to a beneficiary after the account holder dies. As a California resident, you might establish this account to avoid your assets getting tied up in California's probate court. To avoid confusion, remember that this...
What Is a First-Party Special Needs Trust?
On Behalf of Newman Law Group | Aug 1, 2023 | Estate Administration & Probate, Trusts
Individuals living with disabilities in California often have additional daily needs that others don't require. Many cannot live without external support. Parents with a disabled child must consider how to provide for their offspring once they have passed away. One...
Setting up a viable trust fund
On Behalf of Newman Law Group | Jul 14, 2023 | Trusts, Wills
Residents of California are urged to leave a highly detailed plan for their heirs to follow. Doing so can help to avoid a great deal of legal and financial contention. Decide on the form of your trust Wills and trusts must be legally established in order to be...
Beginners guide to special needs trust in California
On Behalf of Newman Law Group | Jun 13, 2023 | Trusts
Families who have children with special needs must take extra precautions when planning their financial future. One of the most important tools to use in California is a Special Needs Trust (SNT). These trusts provide additional protection for those with disabilities,...
Ensuring your estate plan is perfect with trust decanting
On Behalf of Newman Law Group | Jun 5, 2023 | Estate Administration & Probate, Trusts
Estate planning in California lets this state's residents prepare for the future. For most people, setting up a trust is an essential part of the estate planning process. However, as you know, life is often full of unpredictability. By decanting your trust, life's...
What a trust fund can do for you and your family
On Behalf of Newman Law Group | May 11, 2023 | Trusts
If you are creating an estate plan in California, you might not realize that one or more trusts could be a part of it. While many people assume that a trust is only for wealthy individuals, this is not the case, and a trust can have a number of uses depending on your...
Differences between living trusts and wills
On Behalf of Newman Law Group | Mar 16, 2023 | Trusts
In California, having an estate plan is essential to ensuring that the intended wishes for your estate get carried out upon your death. Two standard methods to distribute assets include living trusts and simple wills. While both documents ultimately serve to...
How can you contest a trust?
On Behalf of Newman Law Group | Mar 3, 2023 | Trusts
Many Californians know about contesting a will. However, what’s lesser known is that you can also contest a trust. Below are some reasons you might want to take this route. Undue influence If you believe that the grantor, the person who created the trust, was under...
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