On behalf of Law Offices of Alice A. Salvo | Oct 29, 2014 | Heirs And Beneficiaries
California heirs and trust beneficiaries may be interested in some information about the notification responsibilities that a trustee has in trust administration. These responsibilities can affect a beneficiary’s rights to the property contained in the trust,...
On behalf of Law Offices of Alice A. Salvo | Oct 24, 2014 | Heirs And Beneficiaries
When people pass away in California, a probate court often decides what happens to their belongings. A main component of this process is deciding who are the beneficiaries of the estate. Children are usually considered heirs to an estate, even if the children are born...
On behalf of Law Offices of Alice A. Salvo | Oct 16, 2014 | Heirs And Beneficiaries
Anyone holding a policy with a payout upon the death of the policy holder must designate beneficiaries to inherit the funds. In addition to naming beneficiaries for life insurance policies, retirement plans, annuities and IRAs, California residents should carefully...
On behalf of Law Offices of Alice A. Salvo | Oct 7, 2014 | Estate Planning
Some California couples who are planning their estates may have assets above the estate tax threshold. In order to entirely avoid or reduce estate taxes on amounts beyond the level of exclusion, many people choose A-B trust planning, a type of irrevocable trust than...
On behalf of Law Offices of Alice A. Salvo | Oct 3, 2014 | Probate And Estate Administration
After an individual passes away, it may be necessary to go through probate to settle that person’s estate. However, it may be possible in some cases to bypass the court process, which is known as probate. The purpose of probate is to determine if a will is...