It's possible to revise your estate plan in California as circumstances change. The addition of new family members like grandchildren is a reason to revisit your estate plan. You should regularly check your will every year or few years to make sure you still agree...
San Francisco Estate And Family Law Blog
Will an estate plan protect my business?
Having an estate plan in place in the event of an untimely death can be an excellent method of protecting a personal business. You don't want to have worked for a lifetime only to lose a personal business that could be a family legacy and livelihood for generations to...
Tax season arrives for newly single ex-spouses
After a divorce, formerly married persons must adjust to single life. For some, the process could involve embracing less stressful responsibilities during their married days. Tax season might bring several new responsibilities that require careful attention. The...
Understanding child custody mediation in California
If you and your child’s other parent are involved in a custody dispute in California, the court will refer you to attend child custody mediation before you return to court. This process can help you resolve your conflicts and might help set the stage for more positive...
Maintaining a healthy co-parenting relationship
Divorcing parents in California can make things easier for their children by carrying out a healthy co-parenting relationship. Here are some tips that can help you to achieve that goal. Be respectful of each other No matter what kind of divorce you and your spouse had...
When a will is not the best choice
Some Californians think that a last will and testament will cover everything when the time comes to leave accumulated wealth to heirs. While a will is an integral part of estate planning, this document doesn't work well in some situations. Limitations of a will...
Understanding property and debt division in divorce
If you and your spouse are considering divorce, understanding the basics about debt, marital and separate property can help you during your negotiations. California laws have specific rules about each, requiring you to abide by them so that you can divide your...
Divorce and qualified assets
When it comes to divorce in California, untangling finances is one of the most difficult parts of the process. Special assets like 401(k) accounts and IRAs can prove very complex, and managing their division can involve large tax bills if not handled correctly....
Advantages and disadvantages of revocable and irrevocable trusts
If you are creating an estate plan in California, you may wonder whether a trust would be a useful tool for you. One of the first things you will need to decide is whether you need a revocable or irrevocable trust. Changing a trust One of the major differences in the...
Divorce when you have a medical practice
In California, divorce is usually a difficult process for everyone involved. It can be especially challenging when there's a medical practice involved, and it's marital property. The good news is that it's possible to get a desirable outcome if you find yourself in...