We work our entire lives to be prosperous and leave a legacy for our loved ones and charities we care about. Tomorrow is promised to no one and there should be legal documentation in place to ensure everything that has been worked for will be utilized how you see fit. (more…)
For many of us, the primary motivation for seeking the help of an estate planning attorney is so that a formal Will can be created. (more…)
Death can come unexpectedly. You will want to have information to help with the issues that come up when a loved one passes away. A Revocable Trust can assist you by helping to avoid a Conservatorship. (more…)
Individual debt does not disappear simply because one dies. Companies and entities that have extended credit to that individual may assert their right to collect their one against that person’s estate. Although, this must be done in a timely manner.
Probate court can be expensive, time-consuming and take the power to disperse family assets out of your hands. Estate Planning using a will & revocable living trust can ensure that your wishes are properly executed. Learn how our Palm Springs trust and estate law firm can help organize your inheritance property to avoid family disputes.
What is a Special Needs Trust?
When doing your estate planning, consider discussing with your Palm Springs disability attorney the benefits of having a special needs trust. This kind of trust allows loved ones to provide for family members with a disability, but ensures that they will still continue to receive government healthcare benefits such as Medicaid or Medicare and financial support such as SSI. The total sum of money that you allot to them is kept in a special fund, which distributes a set monthly amount to them that is within the government guidelines of what they are allowed to receive and still keep their benefits.
Many California families have been very successful in accumulating valuable financial assets. Unfortunately, this wealth might attract frivolous lawsuits. Learn why a Family Limited Partnership (FLP) offers solid legal protection against frivolous lawsuits.
Power of Attorney is an important legal binding in the form of a document that gives broad powers for another person, the agent, to make a broad range of legal decisions on behalf of an individual, the principal. The person with Power of Attorney may sell property, sign contracts, make legal decisions, and make health care decisions. (more…)
If you’re unsure whether you need to include a trust in your estate-planning portfolio, read these advantages to saying, “yes,” to include the trust in. The advantages to including a trust in your portfolio outweigh the execution of a last will and testament. (more…)
Modification Law
Trusts are often a complicated area of the law. A trust is formed when a person transfers their property to a beneficiary, giving them the benefit of the property. This individual is the trustor. In turn, the individual who receives the item is then known as the trustee. It is important that you know these roles as you begin to explore the laws surrounding trusts. (more…)