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Dying without an estate plan in California—or any state, for that matter—can lead to complications and unintended consequences for the assets you leave behind. What should you know about what happens if you do not make your wishes known? What will happen to your...
If your father, mother or another loved one named you as their executor, they likely meant it as an honor. It means they trusted you. They felt you were the right person for the job. But—yes—it is a job. Often a big one. Being executor means tending to a lot of details. It also means taking on some serious financial…
Acting as the executor or administrator of someone’s estate is rarely an easy task. They are entrusted with important tasks that must be carried out for assets to distribute as the deceased intended. One of those tasks is paying off any debts attached to the estate. If someone is unfamiliar with the process, they might have many questions, such as:…
For many Californians, an essential goal of their estate planning is avoiding probate. However, unless someone spends much of their time examining estate law issues, they might not know why so many people wish to avoid the probate process. Today, we aim to demystify probate by discussing the primary reasons a person might want to keep their estate out of…
One of the most important steps for someone administering an estate is completing the inventory and appraisal of the deceased person’s property. They provide this information to the state using the Inventory and Appraisal Form, which includes two attachments. The attachments are the essential part of the form, as they are the actual lists of assets. Today, we cover the…