To put it simply, dying intestate means you don't have a will. Did a close relative die without a Will? While you will encounter some complexities, if you know the rules, you can navigate them. How will the estate be distributed in the absence of a Will? To start with, many assets aren't passed by Will, such as: Life insurance proceeds.Real estate, bank accounts, and assets are held in joint tenancy/community property with the right of survivorship.Property held in a living … [Read more...] about What It Means To Die Intestate
Living Trusts: What Are They?
A living trust, set up during your lifetime, is designed to allow for easy transfer of your assets. A trustee holds legal possession of the assets and property in your trust and has a fiduciary duty to manage the trust prudently for the trust's beneficiaries. Most significantly, it provides for an easy mechanism to facilitate the management of your asset if you become incapacitated, to designate what you want to occur upon your passing, and tp avoid the costs and delays of a probate … [Read more...] about Living Trusts: What Are They?
Top 3 Reasons to Include a Living Trust in Your Estate Plan
Your estate plan can be simplistic and uncomplicated or complex and complicated, depending on the size of your estate and the variety of goals that need to be addressed within the plan. The more complex the plan, the more estate planning tools and strategies you will likely incorporate into the plan. One estate planning tools that can be found in the most basic as well as the most intricate of plans is a living trust. Riverside elder law attorney Dennis M. Sandoval suggests you consider the … [Read more...] about Top 3 Reasons to Include a Living Trust in Your Estate Plan
California Gun Trusts May Be Needed Now More Than Ever
Gun Trusts Provide Special Planning For Transfer of Rifles and Other Guns With all the recent talk about banning assault rifles such as the AR-15, a California Gun Trust may be more important than it ever has been before. Gun trusts are specifically used to hold weapons regulated by the National Firearms Act of 1934 (NFA) and Title II of the Gun Control Act of 1968 (NFA or Title II firearms). Although gun trusts are designed to hold title to NFA forearms, they can be used to hold any type of … [Read more...] about California Gun Trusts May Be Needed Now More Than Ever
Riverside Estate Planning Attorneys Educate Clients
Far too many people do not seek out legal counsel from estate planning attorneys because they harbor misconceptions. First of all, a lot of individuals feel as though estate planning is only important for senior citizens. They assume that they will have plenty of time to address the matter when they are old and gray. The second notion that some people entertain is the idea that anyone can create a last will in a matter of minutes using downloads and worksheets that are available online. … [Read more...] about Riverside Estate Planning Attorneys Educate Clients
Riverside Probate Lawyers Explain Options
Many people assume that a last will is the only logical way to facilitate asset transfers if you are not very wealthy. They are aware of the existence of trusts, but they are under the impression that trusts are only used by millionaires who have very complicated estates. The lawyers at our estate planning law firm hear this all the time. We find that their clients are quite surprised when all of the facts are explained to them. When you create a Will, you name an executor to administer the … [Read more...] about Riverside Probate Lawyers Explain Options
Riverside Estate Planning Attorney Confirms TD Bank Study About Estate Planning
A study conducted by TD Bank found that estate tax was not the biggest concern among America's estate planners -- family drama was. The study showed 44% of estate planning professionals cited family fights as the biggest threat to estate planning in 2018. Only 25% of estate planning professional cited tax reform as a problem and 12% expressed a concern about the economy and market volatility. Riverside estate planning attorney Dennis M. Sandoval weighs in with this personal experience . . . In … [Read more...] about Riverside Estate Planning Attorney Confirms TD Bank Study About Estate Planning
Riverside Estate Planning Attorney Studies Business Succession Issues and Strategies
Riverside estate planning attorney Dennis Sandoval will attend the Riverside County Estate Planning Council this week to hear Susan Rounds, Director of the Wealth Planning Group at Deutsche Bank Wealth Management - Americas, based in Los Angeles. Ms. Rounds talk will be on Successful Succession of the Privately Held Business and Wealth. The membership of the Estate Planning Council of Riverside County consists of attorneys, certified public accountants, certified financial planners, professional … [Read more...] about Riverside Estate Planning Attorney Studies Business Succession Issues and Strategies
Riverside Living Trust Attorneys Provide a Checklist
As Riverside living trust attorneys, we take our responsibility to our fellow community members very seriously. We go the extra mile to educate people about the importance of preparing for the eventualities of aging, and we also do everything possible to provide information about trusts and other estate planning tools. With this in mind, let's look at some checklist items that everyone should address. Medi-Cal Planning In order to be able to leave inheritances to your loved ones, you have to … [Read more...] about Riverside Living Trust Attorneys Provide a Checklist
