When someone passes away, the person they choose to carry out their wishes has an important job. As the executor, they are responsible for managing that person’s estate. Under California law, this is known as their fiduciary duty. That means the executor must act in the best interests of the estate and its beneficiaries. But…
When you are named an executor, that can feel like an honor until you realize how much work is involved. On the flip side, if you are a beneficiary, you wonder whether the executor is being paid fairly or even paid at all. So, how are executors paid in California probate? There is a set…
Probate is something many Californians hope to avoid. The probate process can be time-consuming and expensive. Plus, it is an emotionally draining time for loved ones already dealing with a loss. Some people hold property in joint tenancy to bypass probate. This can be an effective way to transfer certain assets outside of probate, but…
When someone hears the word probate, they might feel stressed. In California, probate can be time-consuming and expensive. Fortunately, some assets can completely bypass probate. And payable-on-death (POD) accounts are one of the easiest ways to do that. So, how can a payable-on-death account help you avoid probate in California? Here is how it may…
Dealing with the loss of a spouse is difficult. And when you add legal paperwork to the mix, it can feel even more overwhelming. If you’re going through a California probate, a spousal property petition can help simplify the process. Knowing what it is, how it works, and why it matters can make handling your…
Probate is one of those legal processes most people hope never to encounter. However, it is a necessary step for managing a loved one’s estate after they pass. This process involves validating a will, settling debts, and distributing assets. Unfortunately, it can quickly become complicated without proper guidance. For that reason, you want to find…
People’s lives live online. From social media profiles to email accounts, these digital lives are as valuable as anything in the physical world. But what happens to online accounts and digital assets after someone dies? For families and loved ones, it can be hard to figure out what to do with these accounts and assets….
After a loved one dies, there can be unexpected stress over financial matters. This can happen if a will does not seem to reflect the person’s true intentions. So, how do you challenge a will? In California, the law allows certain people to challenge a will, but you need careful planning, attention to deadlines, and…
When was the last time you reviewed the beneficiaries listed on your life insurance, retirement accounts, or savings accounts? If it has been a long time or you have experienced a major life change, you may want to look at those documents. You may have filled them out years ago, but in California, they can…