Being a trustee for a loved one’s estate is a very important job with serious responsibility. The role of trustee is an essential element of successful trust administration. The trustee is responsible for guaranteeing that the provisions of the trust document are followed. A trustee is ultimately responsible for managing the trust property and keeping [ ] The post Trust Administration: Quick Tips for Trustees appeared first on Northern California Center for Estate Planning and Elder Law.
It’s no secret that there are many misconceptions out there regarding elder law and estate planning in general. We have encountered numerous clients with questions that stem from their lack of understanding about how elder law and estate planning works. This blog will try to clear up some of those misconceptions, but if you still [ ] The post Tackling Common Misconceptions About Planning Needs appeared first on Northern California Center for Estate Planning and Elder Law.
When a loved one dies, the money and property included in their estate need to be distributed to their heirs. In many cases, the estate must go through the probate process in order for the assets to be properly distributed. The basic probate process requires completion of several steps in order to close probate and [ ] The post Sacramento Probate Lawyers Know How to Speed up the California Probate Process appeared first on Northern California Center for Estate Planning and Elder Law.
Portability can work well in some situations. But, there are many reasons setting up a credit shelter trust instead might be better in some situations. This article examines several reasons a credit shelter trust may result in a better outcome for the client. Read on to learn more. The post Basics of Estate Planning: Portability vs. Credit Shelter Trust appeared first on Northern California Center for Estate Planning and Elder Law.
One of the purposes of estate planning is to prepare for our deaths. One reason a probate lawyer needs to know about the probate code is to understand the laws of intestate succession. These laws determine who gets what if you die without a will. In general terms, if you die without a will in [ ] The post Estate Planning Lawyers Discuss Intestate Succession appeared first on Northern California Center for Estate Planning and Elder Law.
Especially if you own a business or commercial property, asset protection can be a big concern for you. The possibility of legal claims and constant existence of creditors make it even more important to have an asset protection plan so that you don t run the risk of losing everything through some unexpected turn of events. [ ] The post Sacramento Asset Protection Attorney on Best Strategies appeared first on Northern California Center for Estate Planning and Elder Law.
As with many legal matters, estate planning attorneys have their fair share of horror stories from years of working with clients to create an estate plan. Whether its issues relating to property ownership or family disputes over a loved one s estate, problems in passing on an estate are very common. Unfortunately, most clients assume that [ ] The post Sacramento Estate Planning Attorney Provides Basic Tips appeared first on Northern California Center for Estate Planning and Elder Law.