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 | Apr 4, 2022 | FYI
The real risks for most ordinary estate plans come from a lack of knowledge, which can cause your loved ones unnecessary stress in dealing with your affairs, or worse, can allow you or your loved ones to be taken advantage of by unscrupulous people. You can protect...
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 21, 2022 | Estate Planning, FYI
One of the many advantages of using a trust (rather than just a will) for your estate plan is that, if an original trust cannot be located, then (subject to a limited exception) a copy of the trust may be used in its place under the Evidence Code, which often allows...