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August 2018 Archives

External elements that can influence a will

Should one survey Los Angeles residents regarding what documents are needed to complete their estate planning, the most prevalent (and likely only) response will probably be a will. While a will may often be the centerpiece of a person's estate planning portfolio, it is by no means the only article needed to effectively manage and administer an estate. Indeed, information shared by Forbes Magazine lists only relying on a will as the most common estate planning mistake most make. Advance medical directives, power of attorney and trusts articles are among the more well-known documents many use to supplement their estate planning. One might even rely on elements outside his or her will to dictate how his or her assets are to be dispersed. 

How can I choose the best trustee for may estate?

If you want to avoid probate while estate planning, having a trust in place is the way to go. However, many people involved in estate planning in California struggle with picking the best trustee for the job. In this case, AARP recommends the following advice to ensure your selection is up to the task of managing your estate affairs after you’re gone.

How can I choose the best trustee for may estate?

If you want to avoid probate while estate planning, having a trust in place is the way to go. However, many people involved in estate planning in California struggle with picking the best trustee for the job. In this case, AARP recommends the following advice to ensure your selection is up to the task of managing your estate affairs after you’re gone.

As executor, can you sell a loved one's home?

The executor of an estate has many duties that can sometimes seem overwhelming and confusing. As someone who holds this position, you may end up having to delve into areas that you have no personal experience with, such as real estate. You may wonder why, but as part of the probate process, you may end up having to sell a home.

When abuse and estate administration collide

The idea of someone killing another for their money may make for a compelling movie plot. Like most in Los Angeles, however, you might dismiss the notion of this happening in the real world. Yet the enticement of money that could come from an estate may indeed prompt some to hope for a potential benefactor to hurry up and die (or even to help hasten the process). Here at The Law Office of Matthew C. Wu, clients have come to us with this very serious concern hoping there may be some civil recourse in the event a criminal investigation comes up empty. 

Can you revoke advance directives?

The process for setting up advance directives was detailed earlier on this blog. Yet the very principle of advance directives is based on the assumption that your opinions do not change. When admitting you for treatment, your healthcare providers must assume that the manner of care that you requested in your advance directives still reflects your current wishes. What if they do not? Are you able to revoke them? 

How do you set up advance directives?

One of your basic rights is to determine the course of your health care in Los Angeles. Many fear losing such basic rights if they become incapacitated. You can, however, retain the right to dictate how you want to be cared for by medical providers even after you lose the mental capacity to comprehend such a decision by setting up advance directives. These directives are more than just simple wishes; rather, they are the specific instructions to which healthcare personnel are bound to follow when treating you. Thus, the law requires that certain criteria be met before your advance directives are considered valid. 

You may wonder where to begin after losing a loved one

It doesn't matter whether you expect the loss of a loved one due to an illness or other chronic condition or if it happens suddenly due to an accident or some undiagnosed medical issues; you still feel the loss when it occurs. In the first days after the death, your mind is preoccupied with grieving, along with organizing and getting through the funeral and burial.

Reasons for removing an executor

When you are party to an estate in Los Angeles, the perception often is that you are at the will of the estate's executor. In reality, however, an executor's role is simply to ensure that your interests in the estate are protected as per the instructions of the testator. From this perspective, the duties that an executor has to you become more clear. Many come to us here at The Law Office of Matthew C. Yu wondering what recourse might be available to them if an executor fails in meeting those duties. 

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Torrance, CA 90505

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