Getting Letters of Administration is a common request when taking care of someone’s estate. A bank may have told you that you need “Letters of Administration” to gain access to an account. This is common, even when you have the will and you are named as the executor. Or you may run into problems when [..]
If you do not have a will or a trust, you are leaving it to state law to determine who your legal heirs are. Dying without a will or trust, is called dying “intestate”. Heirs are determined by succession statutes that are already in place. It is important to consult with an Estate Planning and [..]
Although money is often the main subject when talking about Estate Planning, family values, traditions and stories are also valuable. There are ways to build family values into your estate plan. It may be helpful to hold a family meeting in which you discuss your legacy and certain aspects of your estate plan. Tell your [..]
The Probate Court oversees the probate process. In Sacramento County, the Probate Court is located on Power Inn Road. The probate court in Sacramento County and other counties divides the property of someone who is deceased. They oversee the distribution of assets and the payments of liabilities, which includes payment of debts and distribution of [..]
Estate Planning including wills, trusts, and other documents allows for you to leave an inheritance for your children. Unfortunately, there are many misconceptions on how that can be done. One of those ways is Joint Tenancy. If you set up a trust, you can put your property into a trust. However, some people name their [..]
Asking, “When should I update my will or trust?” is a very common question. Looking into this can help protect you, your family members and your assets. Some changes in Life Circumstances may give you cause to update your will, trust, and other estate planning documents. Some examples of these are: birth or adoption of [..]
If you are starting your own business, don’t make the mistake of thinking you can do it all on your own. In fact, you need to get as much help as you possibly can. Below are four individuals you should consider obtaining advice and guidance from in your new venture: The Accountant Whether it is [..]
If you are a business owner and you are ready to hire employees, it is important to confer with legal counsel and ensure that your employment agreements comply with the law. An employment contract with your key employees should outline all of the duties and obligations of the employee and employer. Having the details of [..]
When you are negotiating and drafting a new contract, you don’t want to think about it being breached. However, with preplanning and strategy, you can plan for a breach of contract in a way that minimizes the damage that results. A “breach” of an agreement occurs when one of the parties fails to properly or [..]
When you decide to dissolve a business, it is imperative to do it correctly under the law in order to avoid incurring personal liability. You cannot simply hang a “closed for business” sign and sell your inventory. As the owner of a business, you have the legal obligation to pay the debts of the entity [..]
