A Trustee’s Duties In California

A man was cited as an executor of his aunt’s estate. The aunt passed away leaving a distributable estate consisting of $125,000 cash. The man probated the will and was appointed executor.  Then, the man borrowed $90,000 in cash from the estate ad and invested the money in a natural gas operation, which turned out to be lucrative. Within three months of making the investment, the man sold the interest in the mining operation for $180,000 and repaid the estate the $90,000 he borrowed. However, the man retained the balance of the proceeds for his personal use. Performing duties and...

What are Your Rights When Contesting a Will in California?

Will and trust contests in California are subject to California statutes and you must know the rules of the law to be successful when contesting or defending against the contest. California Probate Code Sections 8250–8254 lay the ground rules for contesting wills. While you should have a lawyer handle the contest for you, a basic understanding of the process is helpful. You can contest a will for many reasons, such as when you believe your loved one signed the will under duress or undue influence. Or perhaps you believe misrepresentation or fraud occurred or that the will had been revoked....

What are Your Rights When Contesting a Will in California?

Will and trust contests in California are subject to California statutes and you must know the rules of the law to be successful when contesting or defending against the contest. California Probate Code Sections 8250–8254 lay the ground rules for contesting wills. While you should have a lawyer handle the contest for you, a basic understanding of the process is helpful. You can contest a will for many reasons, such as when you believe your loved one signed the will under duress or undue influence. Or perhaps you believe misrepresentation or fraud occurred or that the will had been revoked....

How Can Medi-Cal Planning Address Your Concerns?

As people age, many become concerned about healthcare. If they become subject to a diminished mental or physical capability, how can they afford assisted care? How can they avoid exposing their spouse to financial hardship because of their own debilitation? Medi-Cal eligibility planning may provide you with some solutions for this concern. You can discuss Medi-Cal long-term care alternatives with your estate planning attorney in addition to working out a plan to qualify for Medi-Cal. To qualify for Medi-Cal, your income and assets must meet certain limitations. Reducing long-term care expenses, establishing trusts, spending down assets, and other estate planning...