Probate, Estate Planning and Trust Law
Law Offices of Alice A. Salvo  Law Offices of Alice A. Salvo
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March 2017 Archives

Intestate succession when there is no surviving spouse or issue

For many in the San Fernando Valley, the issue of estate planning may engender absolutely no sense of urgency, as most believe that they will have ample time to address it later on in life. Others may believe that they simply do not need a will. These attitudes no doubt contribute to the fact that, according to information shared by USA Today, as many as 64 percent of Americans currently do not have a will.

Detailing your protections from liability as a trustee

If you have been asked to serve as a trustee of a trust account by a family member or friend in the San Fernando Valley, your first concern may be what sort of consequences you could face should you commit an error during the execution of your duties. Many of those that we here at The Law Offices of Alice A. Salvo have worked with who have been named trustees come into the role without any related experience. Fortunately, the California Trust Code recognizes that there may be differences between personal liability and alleged incorrect action performed while fulfilling the role of a trustee.

Protect your wishes for medical care with health care directives

Being fully prepared for the future might seem like an impossible task. Since no one can predict the future, you should consider putting instructions in place in the event you become incapacitated and can no longer make decisions for yourself, even temporarily. With health care directives prepared and ready to go, you can make sure your that your family members understand and carry out your wishes for end-of-life or long-term care and treatment.

Former DA’s family fighting over validity of his will

Woodland Hills residents are advised to see to their estate planning early on their lives so that their true intentions regarding the disposition of their assets are known should they die unexpectedly. They may also be counseled to keep the process as transparent as possible so that all who are parties to their estates understand their wishes, which hopefully will minimize the chances of disputes arising. Yet no amount of planning may overcome any bitter feelings that may exist amongst potential beneficiaries. Estate disputes may often be emotionally charged, with all parties involved being convinced that their claims are valid.

What are Letters of Administration?

Being asked to serve as the personal representative for the estate of a loved one in Woodland Hills is a tremendous responsibility, which can even carry financial penalties if you are unable to fulfill the duties entrusted to you. In order to meet the obligations that come with the role, you have to prove to interested parties to the estate that you have the legal authority to manage its assets. Otherwise, they may refuse to disclose important information to you. Yet how can you prove that you have been granted this authority?  

A general overview of the probate process

Many in the San Fernando Valley may talk about the probate process as if it were some form of punishment that should be avoided at all costs. While there are certain advantages to not having an estate go to probate, the truth is that thousands of cases appear in probate court every year. Statistics shared by the Judicial Council of California show that in the 2013-14 fiscal year, 44,298 of such cases were heard in state courts. Understanding the probate process may have a significant impact on one’s estate planning.