Assertions of one having killed their loved one in order to inherit their estate may seem to many in Los Angeles to be an overused cliche. However, enough incidents of this actually happening have occurred to compel legislators to create laws that automatically disinherit would-be heirs who are implicated in the deaths of those they are set to benefit from. The question then becomes how broadly can the term "implicated in" be applied?
Despite the encouragement coming from estate planning experts both in Los Angeles and throughout the rest of the U.S., many still refuse to address the important issues of estate planning. Indeed, according to information collected by Gallup, only 44 percent of American adults have a will. The reasons behind this collective reticence may vary, yet some might fear the possibility of contention arising amongst their beneficiaries over the decision they make regarding the dispersal of their estate. In many cases, even in those situations where one has created a will, disagreements can arise as to its interpretation.
There are enough horror stories out there related to the probate process to make it understandable that most in Los Angeles would prefer to never have to be involved in it. While many of the claims made in such tales may be baseless, there is some wisdom in the advice to try and avoid probate, if possible. It's expenses are paid for out of an estate's assets, thus lowering its overall value. Most think that one has to plan ahead of time in order to avoid probate, yet the question of whether an estate will even need to be probated should also be considered.
If your loved one appointed you as the executor of his or her will, you may already know that you have a time-consuming and likely difficult journey ahead of you. You certainly want to do your loved one justice by handling the necessary final affairs correctly, and to do that, you need to have the right information for each task you have to complete.
If you have an elderly loved one in a nursing home, you may be concerned about his or her mental wellness. Many seniors suffer from depression and emotional issues, which can have many serious health effects if left unaddressed. WebMD explains how depression impacts older people and what to look for if you’re concerned for someone you love.
Whether you inherit property from a deceased loved one depends on a variety of factors. This article will attempt to provide you with some highlights about inheritances here in California.
The loss of a parent or another close relative can be an emotional time. If you or another family member is the executor of the will, there may be beneficiaries who dispute their portion of the estate. In other situations, a recent change to an existing will gifting a large part of the estate to a caregiver or charity may result in a challenge to the will's validity. At The Law Office of Matthew C. Yu, we have courtroom experience and often assist clients in trust litigation.
Writing a will or setting up a trust in California can be difficult and time-consuming. If a spouse passes before estate planning is complete, it can also be heartbreaking. At The Law Office of Matthew C. Yu, we have experience helping clients whose senior family members are the victims of undue influence.
Dealing with drug addiction in your family is often complex. This is especially true when it comes to estate planning. Many parents are wary of providing an inheritance to a child with an addiction, which can be a great source of conflict between family members when it comes to creating an estate plan. WealthManagement.com offers the following insight in this case, which can help you create a solid estate plan that doesn’t harm those you love who are struggling.
The majority of people accumulate some kind of debt during their lifetimes. Ideally, individuals would pay off their outstanding balances and eventually reach a point where they no longer have debt. However, if a person purchases a house or a car later in life, it is possible that they will continue to have loan payments to address.