A joint tenancy is a legal term that applies to one of many forms of co-ownership of an asset that is held by two or more people. Parties named in a joint tenancy own the property equally. If one joint tenant passes away, the property is immediately passed on to the other living joint tenants without going through probate. Many types of assets may be held in joint tenancy, including real estate, vehicles, personal bank accounts, savings accounts, and brokerage and investment … [Read more...] about Joint Tenancy: Good Idea or Bad Idea?
If you are among the millions of Americans in a committed long-term relationship who have decided to put off—or forego altogether—marriage, estate planning takes on a heightened importance for you. The law continues to confer certain benefits and rights on the legally married that simply don’t exist outside the bounds of marriage. Fortunately, careful estate planning can accomplish what the law does not. A Riverside estate planning attorney at Sandoval Legacy Group explains why estate … [Read more...] about The Importance of Estate Planning for Unmarried Couples
Actress Naya Rivera, best known for her work on the TV series Glee, has been presumed dead by local authorities after an apparent boating accident at Lake Piru in Ventura County. Like many celebrity deaths, this tragedy is a good reminder that tomorrow is never guaranteed. Rivera, 33, and her ex-husband, actor Ryan Dorsey, share custody of their 4-year-old boy, who was found alone on a pontoon boat following his mother’s disappearance. Because of the joint custody situation, there is … [Read more...] about What Will Happen to Naya Rivera’s Estate?
The ongoing COVID-19 pandemic has put nursing homes and their residents in a difficult situation. In California and across the U.S., a high percentage of coronavirus deaths—close to 40 percent by some counts—have resulted from outbreaks in skilled nursing facilities. Unfortunately, nursing homes will be among the last to reopen after the pandemic subsides, and nobody knows when that might be. The CDC and local public health agencies have issued safety guidelines, and facilities are … [Read more...] about When Can I Visit My Loved One in a Nursing Home?
Few things in life are more heart-wrenching than watching a parent’s physical or mental deterioration. For an adult child it can be extremely difficult to accept that the strong, capable parent you once knew is now at a point where he or she cannot safely care for himself or himself or make decisions. If you find yourself facing this reality, it may be time to consider a conservatorship. The Riverside conservatorship attorneys at Sandoval Legacy Group explain how you legally become a … [Read more...] about How Do I Become My Father’s Guardian?
After the death of a loved one, it is completely normal to experience a wide range of heightened emotions. If you are currently going through this emotional time period, the last thing you want to do is focus on the legal consequences of your loved one’s death. However, if you were appointed to be the Executor of the estate in the decedent’s Last Will and Testament, you will need to do just that because your loved one has trusted you to oversee the probate process. Time is of the essence … [Read more...] about 5 Steps for an Executor to Take Control As Soon As Possible
If you are one of the millions of Americans for whom owning a small business is part of the American dream, don’t forget to include that business in your comprehensive estate plan. After all, you undoubtedly invested a considerable amount of your time, energy, and resources into building your business. The Riverside business succession lawyers at Sandoval Legacy Group offer some common tips for how to protect your business assets in your estate plan. The Importance of Protecting Your Business … [Read more...] about How to Protect Business Assets in Your Estate Plan
When you get together this weekend with your dad—either in person or virtually—enjoy reminiscing about the good times and adventures you had together. Also remember to take a moment to think about your dad’s future. Now is a great time to check that his estate planning documents are in order and up to date. Sure, it's not the most sentimental gesture. But taking a moment to check the basics can be of great benefit down the road. It’s the least you can do for someone who has given so much for … [Read more...] about Enjoy Your Dad This Father’s Day and Rest Assured
The planet that we inhabit seems to grow more chaotic with the passing of time. Our reality is a dangerous one, with global pandemics like the coronavirus outbreak recording exponential death rates, and tragic domestic and international terrorist attacks happening on an all to frequent basis. The only certainty in life is that some day our lives will end. We like to avoid dwelling on such unpleasant thoughts, but that does not make it any less true. Another uncomfortable truth is that we … [Read more...] about Planning for the Unexpected in Chaotic Times
The coronavirus outbreak has resulted in thousands of lives lost, halted the global economy, and plunged markets into recession levels. There is not an abundance of good news right now, but there are some silver linings if you are wise in your estate planning. Certain opportunities arise under circumstances when investments lose a significant value over a relatively short period of time. Here we will discuss why now is a good time to make gifts in the form of stock market assets. In addition, … [Read more...] about Does COVID-19 Have a Silver Lining for Estate Plans?