This is an important question that can be difficult to answer in a single article. There are a long list of duties that Executor’s have under California law, but they can be summed up using the categories below: Take Control of Estate Assets and Properly Manage Them The first job over any executor is to […]
Unique Nature of Trust Ownership It all comes down to the unique nature of Trusts. When a person creates a Trust they are effectively separating the legal ownership from the beneficial ownership of the assets. We don’t usually think about these two different aspects of ownership because, in every other context, they are one in the […]
The short answer is twelve to thirty-six months or more. But the specific answer varies widely based on the circumstances you confront in your case. It can take far longer than you like to resolve your Trust or Will litigation case. And there are a few factors that affect the length of your case. The […]
That all depends on what you mean by “probate.” In California, in fact in the entire United States, we operate under the so-called American system of litigation fees; meaning each party pays their own fees regardless of who wins the case. But there are a few exceptions. For example, if you have a contract that […]
Contesting wills and trusts can be difficult because each document operates under a different set of rules. And each document has a different statute of limitations for contesting it. Timeline for California Will Contests You really cannot contest a California Will until someone offers the Will to be admitted into probate. Under California law, a Will […]
What Happens If You Die Without A Will? That depends on how you hold title to your assets. If you die and everything you own is in your sole name, then the assets must pass through probate to be transferred to your next of kin. When you die without a Will, you are said to […]
It can be nearly impossible to help a parent plan his or her estate when dementia exists. The problem with dementia is that is qualifies as the type of mental defect that could cause the person to lack the necessary capacity to create a Trust or Will. The first issue is whether your parent still […]
Yes, provided that relative has standing to sue. Any family member (or past beneficiary) who has been excluded from your Trust or Will can fight for inclusion after you die. But to do so they first must have standing. To have standing means they are an heir or prior beneficiary of yours and they have […]
You need a partnership agreement, limited liability agreement, or shareholder’s agreement depending on the type of business entity you have. If you have a general partnership, or a limited partnership, there should be a partnership agreement that governs your business entity. The partnership agreement contains many provisions that help govern the business while you are […]
That will depend on two major factors: (1) what type of legal entity is the business (i.e., partnership, corporation, limited liability company, etc.), and (2) how did your spouse hold title to the business interest? The type of business entity. Business transactions between partners can be messy because they oftentimes are not well documented. A […]
