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February 2017 Archives

How to properly fill the role of executor

California residents who are named as executors of their mothers' and fathers' estates have several important tasks to complete. First, they need to talk with their parents and other family members to ensure that everyone is on the same page concerning how the assets will be allocated. After a parent passes away, the executor must locate documents such as the will, credit card statements or anything else that is needed to settle the estate.

How executors handle credit card debts

When Californian residents who have a will die and leave credit card debt behind, their executors bear the responsibility of dealing with the creditors. The executor may start by ordering the credit reports of the testator in order to find out what debts are owed.

Reasons people put off estate planning and the risks

Many California residents put off making a will, and there are a variety of reasons why. Some people tend to imagine that their final days will come when they have reached their 80s or 90s, which leads to procrastination with estate planning.

Children of Bobby Vee fight in court over his estate

Californians who are fans of early pop star Bobby Vee might be interested in learning that the late singer's children are fighting over his estate. Vee famously stepped in to cover for Buddy Holly who was killed in a plane crash and became a star himself as a result. He died from Alzheimer's disease on Oct. 24, 2016.

Types of conservatorships

Some Californians become incapacitated and are no longer able to make important decisions for themselves about health care and finances. Others have developmental disabilities that prevent them from ever making such decisions. If you have a loved one who is in this type of a situation, you might want to consider a conservatorship.

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