San Diego, CA – Probate is a court-supervised process where an individual’s property is distributed and their estate settled after they pass away. It involves the appointment of an executor or personal representative who manages the process and distributes the property as outlined in a will. In the absence of this document, the assets are distributed according to the California laws of intestate succession.
During probate, the court assesses the decedent’s estate to determine its value, and the executor takes responsibility for settling taxes and debts using the estate assets. Once the executor settles the outstanding liabilities, they disburse the remainder among individuals or organizations specified in the will. As a supervised process, probate aims to ensure that the beneficiaries receive the property bestowed on them in a will.
Weiner Law sees many clients who have lost a family member and are navigating the complex legal process that follows. Though adding a court proceeding to grief can be devastating, the firm’s skilled and compassionate attorneys make the process easier, freeing clients to rebuild their lives or move forward. The team at Weiner Law believes that the probate process is simple or preventable with a well-crafted estate plan involving the creation of a trust.
A sound strategy helps individuals ensure that their estate falls into the right hands. The firm helps its clients establish a trust, distributing assets beforehand. When establishing a trust, Weiner Law counsels trustees through the trust administration process. To administer and distribute assets effectively and efficiently, a trustee must have some legal knowledge, financial management skills, and patience.
Assuming responsibility for a trust is challenging and presents pitfalls such as lawsuits, poor relationships with beneficiaries, co-managing the trust with another trustee, or unfamiliarity with the trust’s assets. An attorney can separate personal assets from trust assets, handle beneficiaries impartially, manage income sources, and manage conflict. Clients can learn more about their San Diego office on their website.
About Weiner Law
Weiner Law helps individuals and families transition their assets to the future generation in a way that takes account of particular family circumstances. The team believes a legacy is more than just the financial assets an individual leaves their family. For this reason, they empower clients to pass on their stories, experiences, insights, and values to future generations.
Media Contact
Name
Weiner Law
Contact name
Daniel R. Weiner
Contact phone
858-333-8844
Contact address
12707 High Bluff Drive Ste. 125
City
San Diego
State
California
Zip
92130
Country
United States
Url
https://weinerlegacylaw.com/
COMTEX_452119369/2737/2024-05-09T10:03:03
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Citizen Wave journalist was involved in the writing and production of this article.