October 2017 Archives
California residents sometimes consider investing in residential real estate. While becoming a landlord is an established way of generating income, it is not without its risks. Landlord-tenant disputes can be expensive and time-consuming, but they can often be avoided by a proactive landlord.
Whether a person has a will or not, it may be necessary for the estate to go through the probate process. If a California resident has a valid will, that person is considered to have died testate. If there is no will, a person will have been declared to die intestate. In most cases, assets will be distributed according to state law when a person dies intestate.
California residential landlords likely look forward to collecting their monthly rent from their tenants. However, it can be a stressful time for those who don't have a streamlined or automated way of collecting it. While landlords may decide for themselves within reason how to get their rent, several factors may determine the easiest way to do so. For those who only have a few tenants, it may be possible to physically collect checks each month.
When people in California die without a will, their children have a legal basis for declaring themselves as heirs to estates. Gaining access to those assets, however, might entail the conscious efforts of people to support a minor who must assert a claim by petitioning a court.