Estate Planning Archives: Estate planning news, resources and more for consumers seeking information about estate planning, living trusts, wills, advance healthcare directives, financial powers of attorney, ways to avoid provide in California and other estate planning issues.

What We Can Learn About Estate Planning from Sean Connery’ Death

One of the more high-profile deaths we had in 2020 was of Sir Sean Connery, who died peacefully on October 31, 2020, in his home in the Bahamas at 90 years old. Connery had a prolific, multi-decade acting career, but he was probably best known for his role as James Bond. He was the [...]

By |March 2nd, 2021|Estate Planning|Comments Off on What We Can Learn About Estate Planning from Sean Connery’ Death

“Gilligan’s Island” Star Dawn Wells Dies of COVID-19: Did She Have an Estate Plan?

Actress Dawn Wells of Gilligan’s Island fame tragically passed away on December 30, 2020, of causes related to COVID-19. She was 82 years old. Wells is most famously known for playing Mary Ann on the 1960s sitcom Gilligan’s Island. The show spawned multiple TV movie spin-offs and other TV guest roles and films for [...]

By |February 19th, 2021|Estate Planning, Probate|Comments Off on “Gilligan’s Island” Star Dawn Wells Dies of COVID-19: Did She Have an Estate Plan?

Difference Between Power of Attorney and Conservatorship

Have you found yourself needing to care for a loved one who no longer can handle their own personal needs or finances? At A People’s Choice, we have helped California residents prepare power of attorneys or file a court conservatorship so they can handle the financial and medical desires of a loved one. But here's the problem. How do you know what process will give you the authority you need to handle your loved one's affairs? The following information is aimed at helping you understand the difference between power of attorney and conservatorship,

California Proposition 19: How Will Estate Planning Change in February 2021?

Children inheriting property from their parents will face significant financial consequences once California Proposition 19 (Prop 19) comes into effect on February 16, 2021. California voters approved Prop 19 on November 3, 2020, through the Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural Disasters Act. The law has two [...]

By |February 13th, 2021|Estate Planning|Comments Off on California Proposition 19: How Will Estate Planning Change in February 2021?

Revocable Trusts in California: An Estate Plan for Every Budget

When you hear about trusts in the context of estate planning, you probably think about trust fund babies and about sums of money that are so big that they cannot logically belong to individuals, much less to young people. Surprisingly, revocable trusts, also known as living trusts, can also offer many benefits to the 99%. If the value of your property is high enough that you do not qualify for any of the California simplified probate alternatives, then you could probably save your family members a lot of money by setting up a revocable trust.  The good news is that revocable trusts in California do not have to be expensive to set up! You can save yourself a lot of money by having a California non-attorney legal document assistant prepare your revocable trust documents, instead of an estate planning lawyer.

By |February 7th, 2021|Estate Planning|Comments Off on Revocable Trusts in California: An Estate Plan for Every Budget

California Estate Planning for Single Parents

Every parent worries about what will happen to his or her children after the parent dies, but single parents have double the worries. If you are married, the default option is that your children will stay with your spouse. They may remain living in the same house, and your spouse will most likely continue to work to take care of them financially. As horrible as it is to think about your spouse and children having to adjust to life without you, it is even scarier to think about your children’s future without you if you are a single parent.  Therefore, it is important for single parents to get started on estate planning — even single parents who are young and healthy.

By |February 6th, 2021|Estate Planning|Comments Off on California Estate Planning for Single Parents

Seven Ex-Wives, Three Surviving Children: Who Inherits Larry King’s $50M Fortune?

It’s no exaggeration to say “Larry King” is a household name. King was an enduring on-air personality known for his celebrity interviews and topical discussions. The 87-year-old nationally syndicated radio host was a nightly fixture on CNN, where he conducted an estimated 50,000 on-air interviews from 1985 through 2010. King had an illustrious career [...]

By |January 29th, 2021|Probate, Estate Planning|Comments Off on Seven Ex-Wives, Three Surviving Children: Who Inherits Larry King’s $50M Fortune?

How to Probate a Will Without a Lawyer in California

When a loved one passes away, you may face the overwhelming task of settling their estate. Unfortunately, for some people, juggling attorney fees on top of funeral costs and other expenses can make probate an impossible task. If this sounds like a familiar situation, you may want to look into how to probate a will without a lawyer.

By |December 29th, 2020|Estate Planning|Comments Off on How to Probate a Will Without a Lawyer in California

Changing Title on a House – How to Do it Right

If you need to change the title on a house, be confident you have handled all steps in the process correctly. It's always best to hire a professional to prepare a deed or other title transfer. Otherwise, with an improper deed, you might not have the ownership rights you believe you have. Worst yet, you might retain ownership responsibilities you think you no longer should have.