Your mom told you not to worry, she had everything handled. You were her agent under her power of attorney, helping her pay bills and manage accounts. When she passed away, you assumed you would simply continue handling things. Then you tried to deposit an insurance...
Estate Planning
Estate Planning
Estate Planning: Why you still need a will and power of attorney even if you have a trust
A revocable living trust is one of the most effective estate planning tools in California. It allows your assets to avoid probate, provides for smooth management during incapacity and ensures an efficient distribution after death. However, having a trust alone does...
Estate Planning: Can I transfer my mobile home into my trust?
A common question in estate planning is whether a mobile home can be transferred into a living trust. The short answer is yes – in most cases, you can transfer your mobile home into your trust – but the process depends on how the mobile home is legally classified....
Estate Planning – Estate vs. assets in California: What’s the difference and what gets paid first
When someone dies, families often have the same urgent questions: What happens to the house? Who gets the bank accounts? Do we have to pay debts first? In California, the answers often depend on understanding a basic but important distinction: Assets are not the same...
Estate Planning: Separate property in California — What it is and how it’s handled at death
In California, the words “separate property” have a very specific legal meaning and understanding it matters, especially when planning what happens at death. Many families assume everything automatically goes to a spouse or that “the trust will handle it,” but...
Estate Planning: When a trust can’t pay off a mortgage — What happens to the property?
Many Californians create a living trust with a simple goal: make things easier for their family. But one issue catches families by surprise: What happens if the trust doesn’t have enough money to pay off debts, liens or mortgages at death, even when the trust says...
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