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Estate Planning Archives

$1 million stolen from Mission Viejo man by caretaker

For many in Woodland Hills, the thought that they would ever be in a position to not make decisions for themselves may seem unfathomable. Yet no one can anticipate when they may become incapacitated, and without the proper planning, one might find his or her decision-making privileges handed over to another who they may not know. States often employ public caretakers and guardians to assist people who have become incapacitated or been determined to be incompetent. While many of these professionals fulfill their duties admirably, others may have proven themselves to be less than honest. 

What should I consider in planning for end of life care?

Few people like to think about what will happen to them if they become incapacitated as the result of an accident or becoming elderly. However, if you are a California resident with definite ideas about what types of care you would and would not want in such a situation, the California Probate Court allows you to make an advance health care directive fully expressing your wishes.

How can you protect your estate from nursing home costs?

When working through your estate planning in Woodland Hills, it is easy to base your decisions off of your current situation. Right now, you may not even be considering the prospect of having to pay for added services as you age. Yet you may soon discover that it often costs money to get older, particularly if you have to spend an extended period of your golden years in a nursing home. Without the right planning, you may find that many of the assets you hoped to leave to your beneficiaries will be depleted to pay for your care. 

Reviewing how your divorce affects your will

When you wed your spouse in Woodland Hills, you likely did so with every intention of providing him or her with the very best you could, both during your lives together and once you passed on. Yet, as we all know, different factors can often cause the feelings a couple shares to sour and eventually seek a divorce. All too often, clients come to us here at The Law Offices of Alice A. Salvo in a panic after learning that the loved ones whose estates they are parties to failed to amend their wills following their divorces. If you forget to take this all-important step, does that mean that your ex-spouse still maintains whatever rights and powers you endowed upon him or her in your will? 

How to handle estate planning in blended families

Estate planning can be complicated in any situation, but familes that have been blended through marriage and divorce can create additional obstacles to overcome. If you are attempting to build an estate plan in California with a blended family, you may have run across some confusing issues. We at the Law Offices of Alice A. Salvo are experienced in handling this or any other type of planning and can assist you as you create the perfect plan for your family.

Will the court enforce your no contest clause?

The ultimate goal of your estate planning efforts is likely to be so that those that you leave behind in Woodland Hills have no reason to question what your final wishes may be. It should be remembered, however, that no amount of planning on your part may be able to account for the emotions one or more of your beneficiaries may feel regarding their final interests in your estate. You may try to be proactive in stopping any potential disputes by including a no contest clause in your will. The question then becomes to what extent is such a clause enforceable?

Knowing when providers may refuse to follow advance directives

As you watch your family members and friends in Woodland Hills begin to deal with the effects of advancing age, you may quickly understand why many often sour on the idea of continued care. Oftentimes, such care can involve treatments that are painful or leave a patient feeling ill or drained of energy. Oftentimes, people may come to us here at The Law Offices of Alice A. Salvo wanting to set up advanced directives meant to limit care that could prolong their lives. Most automatically assume that any healthcare provider must comply with these wishes. Yet is that always the case?

What duties come with power of attorney?

Much is made by people in Woodland Hills about the authority granted to those given power of attorney. What is often overlooked, however, are the duties that come with such a role. You may have been led to believe that whomever you entrusted to handle your affairs through power of attorney has carte blanche to do whatever he or she wants. That is not the case.

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?