Monthly Archives: August 2014

Your durable general power of attorney is an essential part of your estate plan

Elder Law, Estate Planning, Powers of Attorney

In planning  how to have your financial affairs managed by others if you become unable to manage your financial affairs, it’s not enough simply to have a revocable living trust because there are many financial transactions that legally cannot be handled by the trustee of your living trust. For example, if you become incompetent, your … Continue reading Your durable general power of attorney is an essential part of your estate plan →

Review Your Insurance Coverage

Estate Planning, Family

It’s wise to review your insurance policies annually, especially the adequacy and coverage of the policies. Confer with your insurance agent about your homeowner (or renter’s), landlord, auto, boat, business, umbrella, and liability policies to make sure that your assets are protected in the event of damage and that you are protected from the risks associated with your … Continue reading Review Your Insurance Coverage →

Who will be in charge of your estate if you have no estate plan?

Conservatorship, Elder Law, Estate Planning, Probate

California law states who has priority to serve as administrator of your probate estate if you died without a will and with a California estate large enough to require a California probate. Specifically, a person in the following relation to the decedent is entitled to appointment as the California administrator in the following order of priority: … Continue reading Who will be in charge of your estate if you have no estate plan? →