Having a life insurance policy and a named beneficiary is an important step in estate planning, but surprises may still come after a person’s death if the proper precautions are not taken beforehand. It may surprise some California readers to ... Read More
When actor Philip Seymour Hoffman died suddenly on Feb. 2 at age 46, he left behind his life partner Marianne and their three children. His net worth was estimated at $35 million and, in 2004, around the time their first ... Read More
Many Californians make the mistake of thinking that their estate is too small to need a will. But officially naming beneficiaries, regardless of the size of the estate, is a critical step in ensuring your wishes are carried out after your ... Read More
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 ... Read More
Many California readers are familiar with the main documents used in estate planning. They are the will, the living will, the financial power of attorney and the health care power of attorney. Even if a person has what they believe ... Read More
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 consider ... Read More
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 ... Read More
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, making them important to ... Read More
Most Woodland Hills residents share one thing: Debt. Repaying debts is often something that many will not be able to fully accomplish during their lifetimes. In fact, according to DailyFinance.com, nearly 18 percent of all Americans will die with unpaid ... Read More
For many of our clients at The Law Offices of Alice A. Salvo, being named a beneficiary brings with it some tension. You may be concerned that if you raise any questions or concerns about a trust or a will, ... Read More
