You may find this surprising, but in California, children do not have an automatic right to inherit their parents’ assets. And you’re not alone – a lot of people are surprised about that. They’ll call up our office saying a bad actor changed the Will or the Trust and somebody else is getting the assets, […]
It sounds like a relatively easy question. At least in my mind it does. But the answer is a bit more complicated. An Estate can mean a lot of different things. People often think that their Estate is all of the assets they own. And that is one appropriate use of the word “estate”. Probate […]
What constitutes trust assets after someone dies? A Trust only controls assets that are held in the name of the Trustee. In other words, a Trust does not necessarily control every asset owned by the decedent. For example, let’s say your mom and dad owned a home, a bank account with $200,000 on deposit, and […]
