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Gold River California Estate Planning Law Blog

California woman loses appeal in probate case

A San Francisco woman whose father founded apparel companies The North Face and Esprit has lost her latest battle to gain some of the money from his estate.

A California probate court already had ruled that her father's estate plan would stand, and the state Second District Court of Appeal in Los Angeles recently rejected her attempt to have the decision overturned.

What happens if you do not make a will in California

Estate planning is one task many people tend to put off indefinitely. When one puts it off for too long and passes away before making a will and other provisions, such as trusts, the probate court distributes the estate's assets in accordance with California's intestacy laws.

Although intestacy laws generally aim at fairness in distributing the assets to the decedent's closest relatives, they cannot even come close to effectively substituting for a well-considered estate plan that takes into account the individual's specific circumstances, and those of his or her family. For this reason, it is important to begin thinking carefully about how to distribute the estate long before these plans are likely to become necessary.

What if I can't pay my California property taxes?

Owning a home in California is an expensive proposition.

When you buy the house, you look at the monthly mortgage payment to make sure you can afford it. But don't just consider the amount of the principal and interest to determine your monthly house-related costs. Add in utilities and maintenance, plus plan for long-term improvements, such as a new roof.

Choosing your business entity type

You're going to take the plunge and start that business you've always dreamed of owning.

However, it isn't as easy as just renting a space for your office or shop and getting your business cards printed. When you decide to form a business, you must figure out the type of business entity you will have.

How home ownership and estate planning go together

If you are a homeowner, you are likely well aware of all the particular responsibilities that go along with home ownership. In addition to your tax obligations, such as property tax, you also have insurance to think about and consider. 

One area that homeowners may neglect, however, is estate planning. Many people think that estate planning is only for the wealthy, or for elderly or retired people. The truth is that estate planning is a smart move at any age. Especially at a younger age, a comprehensive estate plan can give you peace of mind for the future, no matter what unexpected events may occur.

Can I leave money to my children -- and not their spouses?

You have two grown sons who live near your California home.

One of them married a delightful young woman. You consider her the daughter you never had. You know they will be blissfully happy forever.

What must be done to dissolve a California business?

That shop you and your friend opened 20 years ago in Northern California has run its course. It was a good, fun and profitable business for the most part, but people just aren't buying your trinkets the way they once did. It's time to renew the lease, but retirement and that long-awaited trip to Hawaii sound pretty good right now.

It's time to close up shop.

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