What is a Special Needs Trust? A special needs trust is a legal arrangement that allows you to provide financial support to a person with a disability without disqualifying them from government benefits such as Medicaid and Supplemental Security Income (SSI). How Does a Special Needs Trust Work? A special needs trust is funded with … Read more
Probate is the legal process of distributing the assets of a deceased person. The probate process in California is overseen by the Superior Court. The probate process begins with the filing of a petition for probate. The petition for probate is filed by the executor of the estate. The executor is the person who is … Read more
What is a Living Will? A living will is a legal document that expresses your wishes about medical treatment in the event that you become unable to make your own decisions. A living will is also known as an advance directive for health care. What Should Be Included in a Living Will? A living will … Read more
A business succession plan is a document that outlines how a business will be managed and transferred to others, who may be the next generation, after the current owner dies, becomes incapacitated, or retires. A well-crafted succession plan can help ensure the continuity of the business and its success. There are many elements to consider … Read more
What is Community Property Law? Community property is a legal concept that applies to property acquired by married couples in California. Under community property law, all property acquired by either spouse during the marriage is considered to be owned equally by both spouses, regardless of who earned the income or who paid for the property. … Read more
What is a Pour-Over Will? A pour-over will is a type of will that is used in conjunction with a living trust. A living trust is a legal document that allows you to transfer ownership of your assets to a trustee, who will manage them according to your instructions. A pour-over will directs any assets … Read more