Fiduciary Responsibility for Estate Debts When an individual has been named a fiduciary in California, they have a significant amount of responsibility and must be sure to fulfill all of their duties. A fiduciary, according to the American Bar Association, is "an individual or bank or trust company that acts… Read More
When an individual creates a will as part of his or her comprehensive estate plan, they will need to choose someone who will act as the executor. Being appointed the executor of an estate is a very important role and is one that holds significant responsibility. After an individual passes… Read More
2018 federal estate and gift tax exemptions The 2018 tax exemption for estates and gifts has risen to $5.6 million per individual. Previously, individuals were only able to leave up to $5.49 million to their heirs without being held liable for paying federal estate or gift taxes. The number is… Read More
What is California's Survivor Bill of Rights? When an individual who owns a home passes away and the beneficiary who remains is not on the loan, the survivor may fear foreclosure. Luckily, California passed a Survivor Bill of Rights that requires the mortgage lender to provide the surviving homeowner with… Read More
When an individual is named a beneficiary of someone else's estate in California, they may not exactly be sure of much other than they are inheriting something. Sometimes, beneficiaries are very young children and aren't actually aware of what a beneficiary is. If you have been named a beneficiary, you… Read More
If you are an executor of a will in the state of California, you may feel overwhelmed by the responsibilities and duties that come with holding such a title. It is important for an Executor to understand how they should do their jobs correctly. Some helpful tips for executors include:… Read More