What is the Probate Process in California?
Probate is the legal process for authenticating a deceased person's will, reviewing their assets, paying their outstanding debts and taxes, and distributing what remains to their inheritors. After an asset-holder dies, the Probate Court will appoint a valid will's executor to administer the estate. In the absence of a will, the court will appoint an administrator. Probate law varies by state, but there are steps in the process that are common. First, an executor is appointed and is normally the person named in the will. It is the executor's responsibility to initiate the probate process. An executor can be a ... Read More
The Probate Process and Outstanding Debts
Probate in California can be avoided if you have the right strategy in place with the use of a revocable living trust, saving you money in taxes, avoiding public proceedings, and the requirement for court approval. It can save you time, frustration, and in most cases, significant attorney and court fees. The Cost of Probate in California Estate planning experts have a long list of reasons for why you should avoid probate, and the extraordinary fees is one of them. Failure to establish a comprehensive estate plan that includes a revocable living trust will mean your family must pay various ... Read More
Maximizing Your Legacy: Going Beyond the Will for Effective Estate Planning
Estate planning is a topic often associated with drafting wills, but it's much more than that. While a will is a crucial element of any estate plan, it alone won't guarantee that your hard-earned assets go to your heirs as intended. In this blog post, Botti & Morison Estate Planning Attorneys, Ltd. will shed light on why relying solely on a will may leave your legacy vulnerable and why a comprehensive estate plan is essential for ensuring your assets are protected and distributed according to your wishes. Understanding the Limitations of Wills A will is undoubtedly a valuable document that ... Read More
