What is the difference between a will and a trust?
Understanding the difference between a will and a trust is very important to creating the estate plan you want to have in place.
Understanding the difference between a will and a trust is very important to creating the estate plan you want to have in place.
Holly Nabiey Discusses things to consider when creating and modifying your estate plan and how it will affect your share of cost for Medi-Cal.
A spousal property set aside is a simplified procedure to clear title to a property passing from a decedent to a surviving spouse. It is applicable to community property and separate property of the decedent and is used in cases where the surviving spouse desires to clear marketable title to the property and to determine the value of the property so as to establish the surviving spouse’s liability to creditors. Such a petition can only be filed by the surviving spouse (or registered domestic partner) and it is not available for property that is willed to someone other than the spouse.
Ademption is a legal term that means that there is no gift or property left to give. Continue reading to find out more information.
When an individual passes away, their estate may have to pay estate taxes if the gross estate exceeds the applicable exemption amount in effect in the year of the decedent’s death. This year, that exemption amount is $5.25 million.
Having season tickets to events is awesome, but how do you pass on season tickets when you die? Read more here about how to do this.