Avoiding Probate in California Probate (court proceedings to enable the transfer of assets of a deceased person to the people who inherit them) can be long, costly, and confusing. However,
Types of Trustees A trustee typically manages the assets of a trust. However, other common types of trustees include: Successor trustees: These trustees step manage revocable living trusts when the
What Does It Mean To Revoke a Will? Revoking a will means to cancel the document. If a will is properly revoked, it will be as if the will never
What Does an Executor Do? The responsibilities of an Executor can vary by state and by the particular estate at issue, but some common tasks include: Communication with the court
A Transfer on Death (TOD) deed allows property owners to name a beneficiary or beneficiaries to directly inherit their property upon the owner’s death, without the need for probate court
First-Party and Third-Party Trusts When speaking of special needs trusts (SNT), there are basically two types: A “self-settled” or “first-party” trust; and A “third-party” or “third-party supplemental needs” trust. A
What Is Contesting a Will? The process of disputing the validity of someone’s last will and testament after the testator (the creator of the will) has died is the definition
What Is the Estate Tax? Estate tax is a specific federal law that, if applicable, determines at time of death, a certain amount of tax owed on any estate valued
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