estate-must-sell-probate

by Jodi Summers If the cliché “He who dies with the most toys wins,” then the Baby Boomers are winners. This generation has succeeded in acquiring wealth and building portfolios. But with the spoils of victory comes responsibility – how are they going to share the wealth upon their demise? What happens to the assets […]

Buying is 16 percent cheaper

by Jodi Summers Los Angeles has the fourth highest median rents in the country. Around town, “price per bedroom” is $1,450…with the median doubling to $3,000 in the most expensive beach neighborhoods. As expected, rents on coasts are higher than the middle of the country. Analysis from rental website Zumper concludes that the most expensive […]

by Jodi Summers According to the U.S. regulations of property law, property must at all times be transferable. This is problematic when somebody dies and there’s no one around to sign off on the asset transfer. Any property allocation that requires the signature of the decedent or ward must go through probate. The essential purpose […]

by Jodi Summers Many individuals with assets the wish to protect choose a Revocable Living Trust as an effective way of settling their affairs and avoiding Probate. A Revocable Living Trust be amended, altered or revoked by its settlor (creator) at any time, provided the settlor is not mentally incapacitated. Revocable Trusts have become popular […]

edited by Jodi Summers The Superior Court of Los Angeles County is the largest single unified trial court in the United States. The Superior Court operates 47 courthouses throughout the county. Currently, the Presiding Judge is David S. Wesley and Sherri R. Carter is the Executive Officer/Clerk. They, together with 5,400 employees, operate the nearly […]

edited by Jodi Summers If you’re reading this article, you most likely want to know what a Will will do. The experts say: A. Wills can be used effectively for the following purposes: To transfer relatively small and uncomplicated estates where an expedited or simple Probate is available. To appoint guardians for minor children. To […]