If you are serving as a trustee, executor, administrator, guardian or conservator and rental property is part of the estate, you may be subject to additional reporting requirements starting in 2025. Assembly Bill 2747 adds Civil Code Section 1954.07 which requires...
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Month: October 2024
Should You Grab Your Estate Planning Binder if You are in a Natural Disaster?
The short answer to the question of whether your estate planning binder needs to be in your “go bag” is - probably it does, especially if it contains the original signed documents. We are in fire season here in California and the east coast is being pelted by...
Was that Money from Mom and Dad a Gift or a Loan?
Have you ever received or given a “loan” from or to a family member with the expectation that it would be paid back with interest and a promissory note was signed for the funds? Not likely. A new Ninth Circuit Court of Appeals case – Estate of Bolles (9th Cir. 2024)...
Demystifying Estate Planning in California: Answering Your Top Questions
There are two statements I hear over and over again as a Trusts and Estates attorney. First: I don’t have any money so I don’t need an estate plan. Second: My estate plan is super easy, everything goes to my spouse and then to my kids. Hopefully, this blog will be...
What Can You Do in Your Estate Plan When Unknown Children Are Discovered on 23andMe?
Due to the prevalence of DNA matching on genealogy websites, it will become more and more common to discover formerly unknown relatives. I had a recent matter where a child contacted someone that showed up as a half-sibling on a popular genealogy website. After some...