A power of attorney is a common document used in an estate plan. Unfortunately, there are several reasons why this document may be used for financial abuse.
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California Probate is confusing. This articles explains how it is supposed to work and what can go wrong. Understanding what makes a probate successful to an attorney can help you understand what you should expect.
The duties of a personal representative in California are many. Unfortunately, the failure to properly carry out these responsibilities could potentially result in liability on the part of the personal representative. Personal representatives must be extra cautious where there is a dispute among the beneficiaries or creditors.
Many probate estates include a motor vehicle that must be cared for until it is distributed to the beneficiaries. This includes keeping insurance on the car.
During the probate of an estate, interested parties can petition the court to revoke the will. Minors are given a longer opportunity to initiate this action.
During some trust or estate administrations, there may be a guardian appointed over the estate of a beneficiary. This guardianship may also come to an end.
If your loved one died with real estate in an LLC, you may need to administer the estate. There are several options for real estate held in an LLC.
When providing creditors with a Notice of Administration, Proof of Service must be filed. Certain important details about each creditor must be included.
After a person dies, his or her assets must be distributed. Retirement assets may pass to beneficiaries outside of probate administration.
Administering an estate may involve the handling of retirement assets. It is important to know what information you need to distribute the asset.