The COVID19 worldwide health crisis has brought our nation to a level of emergency status that has impacted us all on a personal level.
On behalf of The Elder and Disability Law Firm, APC posted in trusts & trust administration on Monday, July 15, 2019. One of the many important legal documents California residents who are chronically ill should have in their estate plan is a living will. This document allows individuals to expressly state their health care preferences. In addition to addressing decisions regarding end of life care, it can state whether individuals have certain religious beliefs that would affect the hea....
On behalf of The Elder and Disability Law Firm, APC posted in trusts & trust administration on Monday, July 8, 2019. When developing their estate plans, California residents should strongly consider using a trust. One type of trust solution, the revocable, or living, trust, is often chosen. A revocable trust can be easily amended, which can be beneficial t...
By Esther Wang of The Elder and Disability Law Firm, APC posted in blog on Monday, July 1, 2019. Few of us feel delight when we hear the term "tax code". However, there has been some recent excitement in the area of trust taxation and administration that we all should direct our attention to. Trust income, like an individual's income, will be taxed in states with in...
On behalf of The Elder and Disability Law Firm, APC posted in trusts & trust administration on Tuesday, June 25, 2019. From an estate planning perspective, it may be better for California residents to have a trust as opposed to a will. One of the benefits of a trust is that it can help those who become disabled during their liv....
On behalf of The Elder and Disability Law Firm, APC posted in estate administration & probate on Thursday, June 20, 2019. The estate of Chris Cornell, who rose to fame in California and throughout the county during the 1990s as the head of Soundgarden, is involved in a financial dispute regarding college tuition. The late musician's daughter is requesting payment from the estate according to terms establi...
On behalf of The Elder and Disability Law Firm, APC posted in estate administration & probate on Friday, June 7, 2019. Since his death in October 2017, Tom Petty's family has feuded over the late singer's estate. California residents who are creating their estate plans could learn something from the details of this celebrity case. The dispute revolves around a trust established by Petty, the Thomas Early Petty Living Trust, and some potentially contradictory provisions in it. Tom P...
On behalf of The Elder and Disability Law Firm, APC posted in trusts & trust administration on Thursday, May 30, 2019. Single parents in California may have particular concerns when it comes to planning for the future. In general, when people think about making wills or trusts and planning their estate, they think about how they can help to ensure their children have a brighter future. The same is true whether the kids in question are already adults or if they are still minors. How...
On behalf of The Elder and Disability Law Firm, APC posted in estate administration & probate on Wednesday, May 29, 2019. According to probate papers filed in California on May 20, Carrie Fisher's estate is worth about $6.8 million. The documents, which were filed in the Los Angeles Superior Court, state that the administrator of the estate has performed all of the duties required of him and all costs associated with administering the estate have been paid. Under the terms of Fishe...
On behalf of The Elder and Disability Law Firm, APC posted in trusts & trust administration on Sunday, May 26, 2019. Many people in California hesitate to engage in the estate planning process because they are concerned about family problems. They may fear that writing wills or trusts can bring tensions and family debates to the surface, leading to damaged relationships or hurt feelings. This is especially true for people with significant wealth, because the consequences of estate ...
