Wills, Trusts & Probate Law Blog - Werner Law Firm

Wills, Trusts & Probate Law Blog

The California Trust Administration Process - Werner Law Firm

The California Trust Administration Process

When a person dies, their assets must be distributed among their relatives or persons of their choosing. Accounts, real property, and even sentimental items may be bequeathed to individuals, groups, or organizations. An estate plan can help a decedent’s loved ones (and the appropriate probate court) determine who gets what after death. Estate plans often

read more
Using a Family LLC for Estate Planning - Werner Law Firm

Using a Family LLC for Estate Planning

The estate planning process aims to simplify the transfer of assets and properties between generations while minimizing costs and streamlining wherever possible. By default, dying intestate (without a will or any other estate planning documents) means that anything you own will automatically be distributed as per state law. This may not be in your best

read more
What Are Annuities, How Do They Work? - Werner Law Firm

What Are Annuities, How Do They Work?

Annuities are highly flexible financial instruments designed to turn an initial lump sum or series of installment payments into a larger nest egg for the future through investment. These payments are made to a financial institution, which then uses them to manage assets on your behalf until the annuity is fully paid out to you.

read more
Understanding California Transmutation Agreements - Werner Law Firm

Understanding California Transmutation Agreements

California transmutation agreements enable married couples to “transmute” community property into separate property, and vice versa. A transmutation agreement can also be used to transfer property between spouses. There are pros and cons to utilizing a transmutation agreement. They are usually used as a tool for postnuptial property distribution, tax purposes, establishing ownership over certain

read more
Debt After Death: Can You Inherit Debt? - Werner Law Firm

Debt After Death: Can You Inherit Debt?

As more and more Americans struggle to save up for retirement and finance their end-of-life care, many surviving children will find themselves worried about the debt their parents leave behind. While debt does not die with its debtor, it also is not typically inherited. Unfortunately, it is going to become more common to die with

read more
Estate Planning for Unmarried Couples - Werner Law Firm

Estate Planning for Unmarried Couples

An estate plan might not necessarily be at the top of your current priority list, especially if you and your partner are young. But regardless of whether you’re in your early 20s or nearing retirement age, unmarried couples should consider putting together a few simple documents to prevent the headaches that accompany available end-of-life care

read more
Skip to content