As times change, society changes. But, it often takes the law a minute to catch up. The increase in our reliance on technology, from financial transactions to social media, to storing photos and other memories, presents some legal complications for the law. For instance, what happens to our digital assets after we pass away?
Estate planning allows individuals to get their financial affairs in order before death. Some of the most well-known estate planning tools include advance health care directives, wills, and living trusts
When an individual is unhappy with the terms of another’s will, he or she may be entitled to challenge it in court. The four primary reasons that wills are invalidated in California are lack of testamentary capacity, undue influence, signature problems, and fraud.
If you have a family member or loved one with special needs requiring lifelong care and support, you may want to consider establishing a supplemental needs trust. The beneficiary of a supplemental needs trust will allow you to provide your loved one with financial assistance without putting them at risk of losing critical public benefits.
Wills are an important part of the estate planning process. A will allows its maker, known as a testator, to accomplish a number of things, including leaving property to people or organizations.
Many people’s conception of wills and how they are administered derives from TV dramas where someone in a musty room reads the will and gasps arise from those who feel left out or cheated. As much as TV dramas are entertaining, they’re not really what happens when a person dies with or without a will.