Introduction: The ability to make gifts and devise estate plans is a crucial aspect of individual autonomy, yet it hinges on the legal concept of mental capacity. This exploration delves into the nuances surrounding capacity in the context of gift-making and estate planning. Defining Mental Capacity: In the realm of gift-making and estate planning, mental capacity is paramount. To embark on a Read More
Holographic Wills – Better Than Nothing and Very Simple
Introduction: In the realm of estate planning, holographic wills present a seemingly simple alternative. However, their minimalism raises questions about their effectiveness. Let's delve into the nuances of holographic wills. Section 1: Understanding Holographic Wills: Holographic wills, handwritten testaments without the need for witnesses or notaries, offer a straightforward approach to finalizing one's Read More
The Power of Words: Enforceability of Oral Promises in Legal Context
Oral Promises - Are They Enforceable? Introduction: Verbal agreements, though commonplace, often lead to questions about their legal standing. In this exploration of oral promises, we unravel the complexities surrounding their enforceability. Section 1: The Basics of Contract Law: Contract law is the foundation upon which the enforceability of oral promises rests. A valid contract comprises an offer, Read More
Navigating Legal Conversations During Holiday Gatherings: Top 5 Topics to Discuss
Top 5 Things to Discuss When Home for the Holidays Introduction: The holiday season, with its warmth and family gatherings, provides an ideal setting for important conversations. When you're home for the holidays, consider these top five discussions to ensure a harmonious and well-informed family environment. Estate Planning and Wills: Being together presents a prime opportunity to discuss estate Read More
Administering the Trust of a Loved One
Being the trustee of a trust is a role that comes with honor and significant responsibility. Someone holds you in high regard, trusting you with the execution of their wishes even after they’re gone. Given the gravity of this responsibility, it's essential to understand the unique responsibilities of this role as well as the steps of California trust administration. We want to help you through this process so Read More
Why Estate Planning is Vital for People of All Races
We want to be frank with you: Some demographics are missing out on the many benefits of estate planning. The team here at Solan, Park & Robello wants to change that. We believe estate planning is for everyone. A recent study shows that African American estate planning, in particular, is lagging behind. There are likely a number of factors at play here. Undeniably, a large part of the issue stems from wealth Read More
When Can a California Conservatorship Be Established or Terminated?
Conservatorships play an important role for families and individuals in California. These legal tools assign a conservator to manage the affairs of a minor or adult in need of such management. These designations received some bad publicity in recent years in light of the Britney Spears conservatorship and the “Free Britney” movement. We’re here to tell you those scenarios are few and far between – in general, Read More
When is a Will Enough?
Our team believes every adult should have some form of estate plan in place. Planning for the future protects yourself, your money, your assets, and your heirs (unless you don’t have any). For some adults in California, a simple will is enough to cover their assets. For most, several other elements such as trusts and other services come into play. If you are just getting started with your estate plan, you are Read More
Estate Planning is a Celebration of Independence
It’s July and you know what that means: Independence Day with family and friends. We celebrate the freedom and independence of the United States on July 4th. So, what does that have to do with estate planning? In the world of estate planning, we take advantage of available tools to celebrate and support the independence of young adults. Their newfound independence will be scary at times and coming together as a Read More
Preserving Medicaid Eligibility Through Effective Estate Planning
As we age, various government programs exist to help us cover the cost of living when income is no longer available. Retiring early enough to be able to enjoy retired life remains high on the list of concerns for Americans today. If this is an important issue for you and your family then you should read on. Most people think of estate planning as a tool to ensure everything you worked for is left in the right Read More
