Monthly Archives: August 2022
Inheritance Issues With Adopted Children
In California, adopted kids legally become the biological children of their legal parents for the purposes of estate planning, and inheritances. Of course, that also means that they lose any rights that they have legally to inherit from their biological parents (although biological parents can still leave property to their biological children through wills… Read More »
Another Reason To Avoid Probate: The High Costs And Expenses
We have written in the past about the difficulties of probate and why one of the goals of a good estate plan is the avoidance of having to go through probate. But there’s another drawback to probate-the costs, Probate is expensive-and those are expenses that you could be avoiding, with proper estate planning. Probate… Read More »
What Happens If You Inherit Mortgaged Property?
If a family member dies, and you inherit property, you may have a lot of questions, especially if the property has a mortgage on it. Alternatively, you may want to leave property to loved ones, knowing that property has a mortgage on it. How does this work, when property is passed on, but the… Read More »
Understanding Estate And Inheritance Taxes
They often say that nothing is certain, except death and taxes. But something else may also be certain, at least without estate planning: Paying taxes on your death, in the form of estate and inheritance taxes. Many people use these terms interchangeably, but they in fact are quite different. The good news is that… Read More »