Newman Law Group

Wills Archives

Wills are one of the best ways to plan and protect family

No one knows what the future holds. Everyone makes plans for the future; however, for some, there is no future. Unfortunately, California residents die every day, and planning for this inevitability benefits all involved. Perhaps the best way to plan and protect family and assets is through the creation of wills

Preparing wills important for newly married couples

Many people believe that estate planning is something that someone at or approaching retirement age should be doing. This way of thinking, though, could be a serious problem for many California couples. In fact, estate planning and the creation of wills are something that should begin almost as soon as the wedding vows are shared.

Evolving families and related estate planning considerations

In addressing various configurations, a tag team of columnists focusing upon America's huge baby boomer demographic note that a boomer parent "may be in a first and only marriage, never married and single, never married and with a current partner, divorced and single, or divorced and remarried."

Leaving a will: why that is so often critically important

Certainly, there are some people in Southern California and elsewhere across the country who believe in good faith that it's not really that big of a deal whether they execute a will or not. They might especially think that way if they view their financial situation as being not overly complex and amenable to some quick and simple tidying up upon their passing.

Timely and tailored estate planning: not just for baby boomers

It is often posited -- and, candidly, by people who don't know much about estate planning -- that young people don't have much of a need to attend to estate administration matters. After all (the argument goes), there is certainly time for that down the road, after a family has been established, significant wealth has been accumulated and retirement is firmly in sight.

With so many different types of trusts, is a will even necessary?

Although readers may be familiar with the advice of using a revocable trust to avoid the months of delay caused by a probate proceeding, they may not have realized the amount of legal fees also at stake. In California, probate legal fees are set by statute, starting at four percent for the first $100,000. Estates less than $150,000 may be able to avoid probate with a small estate declaration made pursuant to the state’s probate code. Otherwise, the prospect of probate will be costly and time-consuming.