How will Kim Kardashian West and Kanye West divide up their real estate empire? But what inquiring minds really want to know is this: How will their massive real estate holdings be divided? According to the People, the couple are in agreement over joint legal and physical custody, neither is contesting the prenup in place, negotiations have progressed and they are nearing a settlement. For example, one billionaire couple that Lenz’s firm worked with had a $10 million prenup, but the … [Read more...] about How will Kim Kardashian West and Kanye West divide up their real estate empire?
True Love Lasts a Lifetime. So Does an Estate Plan.
There are many different ways to express how much we care and say, “I love you.” Red roses, a date night, a spa day, or planning a trip are all great ways to celebrate Valentine's Day. However, what says "I love you" more than assuring them that you will do anything you can to minimize their stress should something happen to you? This Valentine’s Day, consider giving your loved one an unconventional gift… an estate plan. Don't forget the flowers and chocolates too! While a … [Read more...] about True Love Lasts a Lifetime. So Does an Estate Plan.
Voters Increase Taxes for Transfers of Property to Children With Passage of Proposition 19
With the passage of Proposition 19 Californians have eliminated many of the property tax exemptions they have enjoyed for decades. This exemption was for transfers between parents and children and in some cases, grandparents and grandchildren. THE OLD LAW Prior to the passage of Proposition 19, a parent could transfer a personal residence of unlimited value to children without an increase in the property taxes that the parents paid on the home. So for parents, like mine, who had owned … [Read more...] about Voters Increase Taxes for Transfers of Property to Children With Passage of Proposition 19
The Importance of Talking To Your Family About Your Final Wishes
Benjamin Franklin is credited with saying, “In this world nothing can be said to be certain, except death and taxes.” Despite the certainty of death, many put off estate planning. Death and finances are two of the most uncomfortable subjects, they are both emotionally charged, and nobody wants to talk about either one of them. One of the hardest decisions people make in the estate planning process is how much (and when) to tell their children about their plan. It is no surprise that most people … [Read more...] about The Importance of Talking To Your Family About Your Final Wishes
Questions to Ask an Elder Care Attorney
The number of older adults in the United States has grown significantly in recent years and experts tell us that growth will not slow down in the decades to come. In fact, by the year 2050 those same experts predict that for the first time in history, the older population (age 65 and older) will outnumber their younger counterparts (age 21 and younger). The growth in the senior population has caused an increased interest in elder care issues and concerns. While seniors face many of the same … [Read more...] about Questions to Ask an Elder Care Attorney
“Omitted Children” Fall Flat in Challenge to the Hugh O’Brian Estate
Hugh O’Brian, the actor and humanitarian best known for his starring role in The Life and Legend of Wyatt Earp, died in September 2016. In his estate plan, O’Brian named his wife Virginia as trustee of the estate, and beneficiaries included other family members and friends, and a charitable foundation. O’Brian died childless—however, after his death, at least two individuals brought a lawsuit claiming to be O’Brian’s children and seeking a share of his estate. Each alleged child was born from … [Read more...] about “Omitted Children” Fall Flat in Challenge to the Hugh O’Brian Estate
How Might Estate Plans Be Challenged? A Complete Guide
An estate plan is designed to give clear instructions about how someone’s assets shall be distributed to his or her beneficiaries upon death. Not every estate plan is created equitably or in good faith, and the law provides recourse for individuals to challenge the legality of the document and its provisions. In this guide we'll discuss in detail four broad reasons an estate plan might be challenged in probate litigation. Part One: Formal requirements of an estate plan Part Two: Undue … [Read more...] about How Might Estate Plans Be Challenged? A Complete Guide
What Will Happen to Naya Rivera’s Estate?
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?
Coronavirus Causing Legitimate Financial Concerns
The coronavirus pandemic has stimulated many people to take steps to assure their finances and estate plans are up to date and express their current wishes. If you have never completed your estate plan or if it has been a few years since you last had your estate plan reviewed, we can give you some peace of mind that your finances are in order. Call our office at 951-787-7711 now to schedule your appointment. WAYS TO CONDUCT YOUR MEETING WITH US In-Person Meetings at Our Riverside … [Read more...] about Coronavirus Causing Legitimate Financial Concerns
Working from Home? Tips & Tricks from Our Team
In the wake of shelter in place orders, our teams moved to a virtual workplace that is physically located in each of our homes. Working from home presents a new set of challenges, and I am happy to say that we have all risen to the occasion. We’ve rounded up tips and tricks from our attorneys, paralegals, and support staff that help us stay centered, focused, and productive. Tech Tip: Two Computer Monitors in One! “Now that I’ve gone from using two monitors at the office to just one … [Read more...] about Working from Home? Tips & Tricks from Our Team
