by jasonsbuckingham | May 13, 2022 | FYI
Here’s a common scenario in making trust distributions: The trust estate contains cash (most commonly from a home sale), and some items of valuable personal property like a car. We have two or more “residual” beneficiaries who will receive equal...
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 12, 2022 | Estate Planning, FYI
In a previous post, I wrote about qualities a successor trustee should have to ensure a successful trust administration. While it should go without saying, there will be problems when a successor trustee tries to administer a trust estate if they lack knowledge and...
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 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...