by jasonsbuckingham | Apr 8, 2022 | Estate Planning, FYI
As required under Probate Code § 890, on April 1, 2022, the Judicial Council of California adjusted the maximum probate exemption values. Prior to April 1, a person’s estate had to go through probate if its gross value was more than $166,250.00. As of April 1,...
by jasonsbuckingham | Mar 28, 2022 | Estate Planning
As they say: “timing is everything.” When it comes to getting affairs in order through an estate plan, this is certainly true. Aside from the obvious case of passing away before executing an estate plan, there is another, often thorny situation when it becomes too...
by jasonsbuckingham | Mar 25, 2022 | Estate Planning, FYI
People often believe that they must change the name on their bank accounts as part of establishing their living trust. However, “changing” the owner of a personal bank account actually means closing the account and opening a new one in the new owner’s name. If you...
by jasonsbuckingham | Mar 24, 2022 | Estate Planning, FYI
Even with a trust, people are often confused about what they may need to do regarding their real estate. Apart from ensuring that the real estate you own is deeded into your trust, there are some common, recurring issues that can arise with real property. Refinancing...
by jasonsbuckingham | Mar 23, 2022 | Estate Planning, FYI
If you have already established a living trust to avoid probate, congratulations! This post is about the short list of things you should do after you sign your living trust. Property Insurance — Contact your insurance agent to get a Trust Endorsement added to your...
by jasonsbuckingham | Mar 22, 2022 | Estate Planning
When we talk about “avoiding probate,” it can seem rather abstract to those people who have not experienced the probate court process. Instead of boring you with an overview of the probate court process, here is a tale of two families — one of whom had no...