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November 2016 Archives

Estate dispute delays cremation of San Francisco woman’s body

The topic of estate planning may often be avoided by Woodland Hills residents due to the fact that it forces them to truly consider the subject of their own deaths. Plus, some may think that they do not possess enough personal assets to make creating estate planning documents even worth it. Yet in many cases, people may have more wealth than they themselves or others perceive. While the state does have measures to address the assets of one who dies intestate, a lack of any records stipulating how a decedent would like his or her assets handled and by whom can leave the door open for disputes amongst potential heirs to arise.

Naming an executor

It may come as a surprise to many in Woodland Hills how great of an emphasis experts place on beginning one's estate planning at an early age. That is likely due to the fact that, according to recent information shared by the American Bar Association, 55 percent of Americans die without ever having drafted a will. One of the main benefits that creating a will offers may be the freedom it gives one in naming his or her own executor or personal representative. Perhaps no decision in regards to creating a will is as important, as that person will be one to act as proxy for the testator.

Estate planning to avoid paying taxes

When we ask many of the Woodland Hills clients who come to us here at The Law Offices of Alice A. Salvo what the primary purpose of estate planning is, a common response may be to avoid losing any of estate’s value. For most, that means simply avoiding probate. Yet if that is your only objective, you should know that there are other methods through which external parties may cut into the value of your estate. One of the more common ways that this happens is through the estate tax. However, there are ways for you to avoid this tax, as well.

Finding the funds to pay for senior care

Today's seniors are living longer, more active lives, often well into their 80s and even 90s. But the problem is that, for many, their savings haven't kept pace with their longevity. Senior citizens dread becoming a burden to their family members and also being shut away in a nursing home full of strangers.

What are the duties of a probate referee?

The assets and property that comprise your loved one's estate could have varying levels of worth to you and other interested parties. Thus, obtaining a reliable valuation of an estate in Woodland Hills may be difficult if that task were to be left to you and other beneficiaries. In most cases, however, it is not. The court may often assign a designated probate referee to come up with an unbiased figure.

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Woodland Hills, CA 91364

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