What is the amount of money that can avoid probate in California?
Many people want to know the amount of money that can avoid probate, but this is sometimes tricky. How things are held in title does matter.
Articles about Create a Trust
What is the California Independent Administration of Estates Act (IAEA)?
California Independent Administration of Estates Act (IAEA) grants the representative of an estate authority to act without prior court approval.
What is a Spousal Property Set Aside?
A spousal property set aside is a simplified procedure to clear title to a property passing from a decedent to a surviving spouse. It is applicable to community property and separate property of the decedent and is used in cases where the surviving spouse desires to clear marketable title to the property and to determine the value of the property so as to establish the surviving spouse’s liability to creditors. Such a petition can only be filed by the surviving spouse (or registered domestic partner) and it is not available for property that is willed to someone other than the spouse.
Ademption: Why it Is Something You Want to Avoid in Your Will
Ademption is a legal term that means that there is no gift or property left to give. Continue reading to find out more information.
What is considered as part of a person’s gross estate when they pass away?
When an individual passes away, their estate may have to pay estate taxes if the gross estate exceeds the applicable exemption amount in effect in the year of the decedent’s death. This year, that exemption amount is $5.25 million.
Can I pass on season tickets to a friend or family member when I die?
Having season tickets to events is awesome, but how do you pass on season tickets when you die? Read more here about how to do this.