Blog Posts in May, 2015 Posted By Estate Planning Attorney 30-May-2015 Providing for Children in Estate Planning (Part 3 of 3) Part 3: Trusts and Property Guardianships As mentioned in the previous post, there are three main ways that property is managed for children in estate planning – custodianship under the UTMA, trusts for children, and property guardianships. ... Continue Reading Posted By Estate Planning Attorney 29-May-2015 Providing for Children in Estate Planning (Part 2 of 3) Part 2: Appointing a Property Manager and Custodianship under the UTMA Since children under the age of 18 may not own property legally (beyond a minimal amount) it is necessary to appoint a “property manager” for your child in your estate ... Continue Reading Posted By Estate Planning Attorney 28-May-2015 Providing for Children in Estate Planning (Part 1 of 3) Part 1: Appointing a Personal Guardian One of the most common reasons people have for preparing an estate plan is to provide for their children in the tragic event that they and/or their spouse die before their kids are grown. This post will discuss ... Continue Reading Posted By Hannah Sargent 23-May-2015 How to Use the Small Estate Affidavit As mentioned in the previous post, a Small Estate Affidavit can be used to transfer inherited personal property from a decedent’s estate without a court order if the estate is worth $150,000 or less. Many courts have Small Estate Affidavit ... Continue Reading Posted By Hannah Sargent 22-May-2015 The Estate Is Not Very Big. Do I Still Need to Go Through Probate? California Probate Code section 13100 provides for a Small Estate Probate in order to avoid a full probate if the decedent’s real and personal property in the state of California does not exceed $150,000 at the time of the decedent’s ... Continue Reading Posted By Hannah Sargent 8-May-2015 Special Provisions for Minors is Part of Good Planning Clients with minor children know the importance of selecting who will take care of their children should an accident befall them. Special provisions in your will or trust for minors is also important for those with adult children or other adult ... Continue Reading Posted By Hannah Sargent 7-May-2015 Do I Put My Retirement Plan in My Trust? What to do with my retirement plan? Retirement plans: 401(k)s, 403(b)s, and IRAs are a few of the assets that are generally not recommended to put into a trust. The nature of the instrument is that any change of ownership or title can trigger the ... Continue Reading