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June 2014 Archives

The ways heirs may inherit debt

California residents may be interested in a recent article that described how a deceased family member's unpaid bills may have a dramatic effect on inheritance. On most cases these expenses will simply consume a sometimes great portion of the inheritance the heirs are expecting. The most common debts include mortgage or medical debt, unpaid credit cards and unpaid taxes.

Steps to help avoid inheritance conflicts

Few things have more potential to jeopardize peace within a California family than arguments over a deceased loved one's estate. A parent who gives a new spouse his or her inheritance while omitting children, for example, can cause extreme frustration and stress for would-be heirs who may have benefited substantially from the inheritance. Individuals who are in the midst of establishing their wills can make some general considerations in order to avoid pitting their surviving relatives against one another in the future.

Planning a special needs trust

California parents of children with special needs want to make sure their offspring are well taken care of throughout their lives. Parents facing this challenge know they won't live forever, and they worry about what will happen to their special needs dependents once they're gone.

How exes can become unintended beneficiaries

Many California residents who have thought about their loved ones and want to protect their future may have established a will years ago. However, in some situations, individuals may leave unintentional beneficiaries such as ex-spouses because they have neglected to make the necessary changes.

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