by jasonsbuckingham | Jun 14, 2022 | Estate Planning, FYI
Estate plans are intended to take a lot of the guess work out of what should happen if something unexpected comes up in the future. The information below describes some possible what-if scenarios, and how the estate plan documents often address those scenarios. What...
by jasonsbuckingham | May 18, 2022 | Estate Planning, FYI
One of the most common questions about estate plans is: What’s the difference between a trust and a will? In California, the difference is big if you’re a homeowner. Basically, having a properly prepared and funded trust means avoiding Probate, while having just a...
by jasonsbuckingham | Apr 20, 2022 | Estate Planning, FYI
Beneficiaries are often uninformed when it comes to estate administration. There are two things beneficiaries should know: (1) as beneficiaries, they have rights during the administration; and (2) the administration will take time, so a little patience goes a long...
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...