Essential components of a California estate plan are power of attorney documents and advance health care directives. These allow individuals to choose an agent to take care of certain matters on their behalf later in life. Power of attorney According to the Superior...
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Month: September 2019
Using pour-over wills to transfer assets to a trust
One of the challenges of using a trust to transfer assets to beneficiaries is that people tend to acquire new assets and property before they pass away. A trust must be updated to include these assets. Otherwise, when the owner dies, these assets will not be moved to...
Businessman acquitted of charges related to insider trading
Business owners in California may be familiar with Vistaprint, one of the first companies offering a way to order and print customized promotional materials through the internet. When its parent company's stock price increased during the final two quarters of 2014, a...
How to plan an estate plan with no close relatives
For California residents without children, estate planning may sometimes fall to the wayside. An estate plan protects your assets after you die, instead of allowing the state’s court system delegate who receives your assets. For those with close friends and family...
What are the California state laws regarding marijuana?
If you are living in California, you have probably heard or otherwise become aware that the use of marijuana, also known as cannabis, is legal in the state. However, cannabis is not legal for all people, and may not be consumed in every situation. What are the legal...
Who should you choose as an executor for your will?
If you are a California resident and have already created an estate plan, you are well ahead of many people. One of the key steps is to choose an executor for your estate. Now that you have done the work to plan for the distribution of your assets and wealth after you...
What is a no contest clause?
When you have a will, you probably believe that after you die, a California court and your executor will follow your wishes and everything will go smoothly as planned. However, that is not always what happens. There is a chance that someone could contest your will....
What are the penalties for drug crimes in California?
The state of California takes drug crimes very seriously. In an effort to crack down on unlawful drug use and distribution, state laws are strict when it comes to the consequences an offender could face. The penalties for different drug crimes can vary significantly...