What is an Irrevocable Life Insurance Trust? The current estate tax exemption is currently set at $5.45 million. So, if your estate is worth less than $5.45 million (or $10.9 million per couple), you do not need to worry about your children or other heirs having to...
What is Totten Trusts, PODs, and TODs? Totten trusts, Payable on Death (“POD”) accounts, and Transferable On Death (“TOD”) accounts all provide for the automatic transfer of types of property at death to a named beneficiary – without having to go through probate....
Do all Wills get Revoked After a Divorce? Under California law, there are four recognized methods of revoking a will. The first two are set forth in Probate Code § 6120, which provides for revocation: (1) by subsequent writing (Prob. Code § 6120(a); and (2) by...
Appointment of a Conservator by Court In California, the Courts may appoint a conservator for any individual who is gravely disabled due to a mental disorder. (Cal. Welf. & Inst. Code § 5350.) Gravely disabled means a condition in which a person, as a result of...
