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Is it more difficult to contest a will or a trust?

Individuals can utilize different tools when it comes to creating an estate plan. Most California residents have heard of wills, understand that they have benefits and commonly use them as part of their estate plans. Many people also know that trusts can work as useful tools, especially for parties who want to avoid the probate process or protect assets for future generations.

Business and estate planning: Tips for successful succession

Have you caught yourself using the old adage about time flying more frequently these days? Perhaps you're a parent who describes a son's or daughter's growth spurts as blinks in time. Witnessing the growth of the business you created, launched and sustained through the years is likely similar in some ways. It's probably easy to think back to the time when your California business was a mere glimmer of a dream in your thoughts.

Do trust concerns have you considering litigation?

Many California residents choose to utilize revocable trusts in order to address some of their estate planning needs. You may have had a loved one who took such a route when creating an estate plan, and he or she may have named you as a beneficiary of the trust. Knowing that you stand to obtain assets from your loved one may have left you feeling pleased, but once you learned more about the terms of the trust, you could have felt concern.

Are executors and administrators the same?

You wouldn't be alone if you said you dislike having conversations regarding your own mortality. Many California residents no doubt share your views. However, if you are also one of many who understand the importance of executing a solid estate plan, you're probably willing to step outside your comfort zone to have the discussion. Many matters of estate are often complex and can be quite challenging to navigate if you're inexperienced in the process.

Preventing estate planning disputes and contests

You may be one of the fortunate few whose children get along well as adults. For whatever reason, the siblings in your household grew to respect each other and remain friends, perhaps even best friends. However, this is not always the case, so if your children bicker and maintain childhood rivalries, you may feel comforted to know you are not alone.

Has a loved one's will presented reason for probate litigation?

Courtroom litigation can cover many different areas of law. For you, the area of concern that you may feel warrants legal action may involve the estate of a recently deceased loved one. Though you may have hoped that the wishes presented in your family member's estate plan would prevent any serious issues from affecting the closing of the estate, certain aspects of the process may have caused concern.

Does your estate plan really express your wishes?

Surveys and studies continue to confirm that fewer than half of Americans over the age of 55 have created an estate plan. This means many people must deal with the stress and frustration of taking their loved one's estates through probate and trying to guess their loved one's intentions for the end of life.

Do you have a business escape plan?

As a California small business owner, you have to deal with challenges and complications every day. Owning a small business may be part of your version of the American dream, and you have put in significant effort into planning, financing and execution of important details. You have earned your success, but the planning does not stop once you start earning a profit.

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Clovis, CA 93612

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