The Law Offices of Ken Begun specializes in primarily four areas of law. Please click on any of the links below to learn more about each.
I will explain in plain English the A B & C’s of Estate Planning so you can make decisions to design an estate plan unique to you and your loved ones to address your personal needs, concerns and dreams.
Probate is a court process in which the probate court of the county in which the deceased person resided appoints a personal representative (executor) and supervises the executor’s winding-up of a deceased person’s affairs including payment of bills and taxes, collection of assets, the sale of assets, and finally the transfer of the deceased’s assets to named beneficiaries or heirs.
It is important to understand that just because a person has a trust does not mean that there is no administration upon a Trustmaker’s death. That is, even though you have a trust you still must take action to administer the trust upon the Trustmaker’s death.
Small Estate Transfers
California has adopted numerous laws to allow smaller assets to pass to beneficiaries without the necessity of formal probate. Typically, the gross estate of the deceased person must be less than $150,000 and certain other conditions also apply. However, once these conditions are met, the estate may be distributed without the intervention of formal probate court proceedings.