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Challenges to a Trustee may come with a heavy price. The person authorized to manage the affairs of a trust is known as a “trustee”. Generally, the trustee is given broad discretion in administering the Trust Estate; however, a beneficiary of a trust always has the right to challenge...

One of the most overlooked assets in your estate plan are digital assets. "Digital assets" mean an electronic record in which a natural person has a right or interest. In addition to social media accounts and emails, these assets could also include important tax and/or medical records which you...

In all of the Spanish regions where inheritance is covered by the Spanish Civil Code, children are legally entitled to two-thirds of the deceased parents’ assets.  However, on October 3, 2015, a new law came into effect in Spain’s Basque Country region which allowed parents to disinherit their...

Special Administrators Assets which are not subject to probate administration are referred to as “non-probate assets”.  Examples include life insurance, joint bank accounts, and payable on death accounts.  In each of these examples, the contract with the institution (and not the Decedent’s...

If you die without a Will in Nevada your assets will pass according to the intestate laws of Nevada.  If you are married at the time of death, it must be determined whether your property is community or separate property.  Assets that are acquired during the course of the marriage are considered...

The Importance of an Estate Plan According to his sister, Prince Rogers Nelson (“Prince”), died without a Will or trust with an estate estimated at $300 million.  Prince was not survived by his parents and was not married at the time of his death.  Although he had one child, the child died...

The appointed Administrator is the person you nominate in your Last Will and Testament to be in charge of your estate.  Assuming the person is over the age of 21 and does not have a felony conviction, the Court will follow your wishes and they will be appointed to handle your affairs.  However,...

Forbes magazine reported that in 2015 Americans spent more than $60 billion on their pets. According to the American Pet Products Association this figure includes $23.05 billion spent on food for our pets.  It should be no surprise that the number of pets owned in the US is staggering and consists...

For 2016, the estate tax exemption is $5.45 million per individual, up from $5.43 million in 2015.  That means an individual can leave $5.45 million to heirs and pay no federal estate or gift tax.  A married couple will be able to shield $10.9 million from federal estate and gift taxes.  The...

In a recent unpublished California Court of Appeals decision, a daughter challenged her father’s execution of a new deed. The deed previously reflected that the father owned a piece of real property in Chula Vista, California as tenants in common with his sister. Approximately one week prior to...