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Recent Posts in Heirs and Beneficiaries Category

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Give the Gift of Inheritances Through Estate Planning

The underlying message of any holiday season gift is that we care about the person receiving it and we want them to be happy and healthy. This just so happens to be the same message behind estate ...
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Selecting Your Heirs

Choosing beneficiaries for your estate is a tough task. There are so many ways to distribute assets that every decision needs thorough consideration. The wrong people will fight in court for the ...
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How A Well Crafted No-Contest Clause Will Ensure Your Intentions Are Respected

When it comes to distributing your estate among your heirs upon your death, you must be very specific about your intentions. However, even if you are very clear with your wishes, there is always a ...
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Why Family Business Succession Planning Is Crucial

The ability of a business to transfer ownership to the next generation is a challenge faced by aging business owners. It's imperative to have a conversation about family business succession ...
Continue reading "Why Family Business Succession Planning Is Crucial" »

The California Health Care Foundation Encourages Californians to Discuss End-of-Life Decisions

Recently, the California Health Care Foundation (CHCF) encouraged Californians to discuss end-of-life decisions. This came on the heels of a survey the CHCF did that showed that while 60% of ...
Continue reading "The California Health Care Foundation Encourages Californians to Discuss End-of-Life Decisions" »

How to Talk About Estate Planning With Your Parents

An uncomfortable conversation, estate planning is something siblings need to discuss with parents. Normally it's something you don't think about or ask because you can't imagine losing ...
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Guardianship: Choosing a Guardian for Your Children

No one wants to think about death. However, when you have children, you really need to be able to care for them, in the event of your death. You need to pick someone to care for them and hopefully, ...
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A Village in Holland has Been Created for Patients with Dementia

Village in Holland has been created for patients with dementia promising a unique solution for the care of the elderly. Dementia, including Alzheimer’s, is one of the fastest growing diseases in ...
Continue reading "A Village in Holland has Been Created for Patients with Dementia" »

What is the Burden of Proof in Trust and Will Contests?

Today we'd like to talk about the burden of proof in trust and will contests. There's a lot going on in that phrase, however, that non-legal people might have trouble with, so let us unpack it ...
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Five Things You Should Know About Asset Protection Trusts

Asset protection protects you from sudden catastrophes in businesses. It is perceived that large corporations have the finances to afford asset protection. Small businesses need asset protection too. ...
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The 4 Steps You Need to Know About the Probate Process

What is probate ? After a loved one dies, the legal process known as probate takes place. As it is overseen by probate court, it typically includes the following: Proof that the will of the deceased ...
Continue reading "The 4 Steps You Need to Know About the Probate Process" »

5 Common Estate Planning Mistakes to Avoid

Estate planning is the process in which we anticipate and arrange the disposal of our assets (property) during our life. It also involves the people around you, including family, friends and sometimes ...
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Health Care Directive: What is it and who Needs One?

Caregivers are sometimes faced with tough decisions when it comes to the medical care of a loved one. A health care directive involves a set of written orders given by an individual in advance so that ...
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Why Johnny Thunder Should Have Engaged In Estate Planning

When Johnny Thunder, the lead singer of the pioneering punk rock band New York Dolls, died in 1991, he left behind just $4,000. Since he didn't have much money, Thunder probably thought he did not ...
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What is a Living Will?

The simple answer to that question is that a living will is a written statement detailing an individual's wishes regarding medical treatment when that person cannot express consent. Guidelines in ...
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Elder Law: Living Environments

Elder law, simply put, is anything that has to do with seniors. The National Academy of Elder Law Attorneys sums elder law up as: living, financial, health and long term care planning for older adults ...
Continue reading "Elder Law: Living Environments" »

Power of Attorney: How to Choose

Choosing who should be your agent, or have power of attorney is an important decision. You are choosing a person to make legal decisions on your behalf. You want to think about this decision, talk ...
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Five Ways To Plan for Charitable Giving

As discussed in the Forbes.com article there are ways to save so you will be able to give after retirement. For many people who have actually sat down, and developed a financial plan, they do not find ...
Continue reading "Five Ways To Plan for Charitable Giving" »

A Look at Payable on Death Account Pros and Cons

A payable on death account (POD) is a quick, cost free vehicle to pass on unlimited amounts of cash assets to a designated heir without going through probate. Known as a poor man’s trust, a POD ...
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The Importance of Writing a Will

At the Law Offices of James C. Shields, we specialize in three types of wills : testamentary, pour-over, and living wills. Our job is to facilitate the process of writing a will and ensure that it is ...
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How the DOMA Decision Affects Estate Planning for Same-Sex Couples

With the Supreme Court striking down the Defense of Marriage Act (DOMA) and Proposition 8, you and your same-partner can finally plan your in-state wedding. Once you get married, you're entitled ...
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Google Helps Users Determine Fate of Digital Data

Many residents of Los Angeles choose to make comprehensive estate planning a top priority so that when the individual passes on, surviving loved ones are not left to sort out complex legal challenges. ...
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Overwhelmed by Their Inheritance, Many Inheritors Seek Guidance

Very often we discuss the manner in which comprehensive estate planning can allow an individual to ensure that after he or she passes on, they are still able to provide for the continued wellbeing of ...
Continue reading "Overwhelmed by Their Inheritance, Many Inheritors Seek Guidance" »

Veteran's Benefits Processing Delays

Be patient if you are in the process of applying for veteran's benefits. According to USA Today, the retired Air Force General in charge of processing VA Benefits Claims has acknowledged many ...
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A unique man has his unique wishes carried out after his passing

A difficult question many individuals in Torrance and elsewhere across the country will grapple with is attempting to understand the legacy that they leave behind after they pass on. Most individuals ...
Continue reading "A unique man has his unique wishes carried out after his passing" »
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