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April 2012 Archives

Orange County Estate Planning Attorney Details Requirements for a Valid California Will

orangecountypng.pngThere are many reasons to have a will, including the ability to name the guardians for minor children and provide for them financially, distribute assets to preferred beneficiaries who may not have otherwise been eligible to receive property, and designating an executor to carry out the terms of the will and final wishes.

Who is Responsible for a Deceased Relative's Debts?

image005.jpgIt is not uncommon for debt collectors to try to collect on the debts of the deceased. However, the Federal Trade Commission has published a consumer alert to let consumers know that a beneficiary usually has no legal responsibility when it comes to repaying a deceased relative's debts unless they were a co-signer or guarantor on the debt.

Death of Mike Wallace Highlights Importance of Planning for Dementia

image003.jpgMike Wallace died recently at the age of 93, and according a New York Times interview with his son, Wallace suffered from dementia in his last few years. It is estimated that one in eight Americans will suffer from some form of dementia after the age of 65; an Orange County estate planning attorney recommends taking the following steps to help protect your assets in case you become incapacitated:

How to Create a Care Plan for Pets After You're Gone

image002.jpgGeorgia Lee Dvorak was a pet lover, which is why her bank's personal trust director didn't understand why she would specify in her will that her cats should be euthanized upon her death. According to a Chicago news report, in a first for Illinois courts, a judge set aside this provision in Dvorak's will, giving a new lease on life to her 11-year-old rescue cat, Boots.

How Many California Estate Planners Does a Married Couple Need?

image001.jpgBath towels are not the only things that can be designated "His" and "Hers", according to an Orange County estate planning attorney. Under certain circumstances it may be wise for married couples to each have their own California estate planning attorney; a recent Forbes.com post provides tips on how to tell if you need separate estate planners:

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