We recommend that you review your estate plan every year to ensure it accurately reflects your wishes and your current circumstances. In reviewing your estate plan in 2022, ask yourself the following questions to determine whether your plan needs to be reviewed and updated: 1. Has your health, finances, family situation, or your inheritance wishes, … Continue reading Top 10 Reasons to Review Your Estate Plan in 2022
California Advocates for Nursing Home Reform (known as “CANHR”) is a highly respected California nonprofit with clear and concise educational resources regarding Medi-Cal. If you would like to learn more abut how the Medi-Cal Asset limit is increasing, check out this CANHR link: http://canhr.org/factsheets/medi-cal_fs/PDFs/FS_Medi-Cal_Asset_Limit_Change.pdf Copyright 2022 Phillips Law Offices, A Professional Corporation
Every parent knows how important it is to select a guardian for minor children. Many parents find this decision to be terribly stressful. Here are some tips to help with deciding whom to nominate as the guardian of your child if neither parent is living (or if both parents became incompetent). In California, there are … Continue reading Nominating the Guardian of Your Minor Child
If the trust document is silent on the matter of trustee compensation, then California law directs that said compensation must be “reasonable.” (Probate Code Section 15681.) Often, a trust simply states that the trustee is entitled to “reasonable compensation” without any definition or any guidelines to help determine the amount of trustee compensation. In those cases, … Continue reading Trustee Compensation
Due process and California law requires that your closest blood relatives* be notified by the person in charge of your estate if you died or became incompetent in each of these California contexts: If probate is required because you died without a will, your administrator must notify your heirs, as your heirs are those who … Continue reading Your Family Tree: Due Process in Estate Administration, Trust Administration, and Conservatorships