Many families today include unmarried partners, blended families and stepparents who help raise children but are not their legal parents. While these families may function like any other loving household, the law may view the situation very differently if the child's...
One of the most common questions families ask when creating an estate plan is, “Will my heirs have to pay taxes on what they inherit?” Fortunately, for most Californians, the answer is no. California does not impose a state inheritance tax or a state estate tax. In...
When a loved one passes away, families are often faced with the task of settling the decedent's affairs and transferring assets to beneficiaries. In California, this process generally occurs through either trust administration or probate. While both serve the purpose...
A reverse mortgage can be a helpful financial tool for some older homeowners, but it also creates important estate planning issues that families often do not fully understand until after death or incapacity. In California, a reverse mortgage allows homeowners who are...
One of the most common questions families ask after a loved one dies is: “What happens to the mortgage?” Many people worry the bank will immediately foreclose or demand full payment if the borrower has passed away. Fortunately, that is usually not how it works. When...
One of the most common questions families ask after a loved one dies is: “What happens to the mortgage?” Many people worry the bank will immediately foreclose or demand full payment if the borrower has passed away. Fortunately, that is usually not how it works. When...
