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Without a Special Needs Trust California if the disabled individual acquires cash or property along with governmental benefits, they can be diminished or wiped out inside and out as the individual has more than the reasonable cash to meet all requirements. So what does a Special...

Basics of Los Angeles Probate

March 16, 2016

Jonathan Leventhal

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When somebody passes away, his or her assets often go through probate. The probate process incorporates gathering the deceased person’s assets, paying off liabilities and fundamental charges, and directing their property/ies to beneficiaries according to the will. Los Angeles...

The Things You Need to Know About Conservatorship Mentally Ill

March 16, 2016

Jonathan Leventhal

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A psychological health conservatorship makes one grown-up (called the conservator) in charge of a sick grown-up (called the conservatee). This conservatorship mentally ill is just for grown-ups with emotional instabilities recorded in the Diagnostic and Statistical manual of...

Understanding the Probate Process and Need for an Experienced Probate Attorney

November 08, 2014

Jonathan Leventhal

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Probate is the legal process of determining whether the will or property document of a deceased person is valid or invalid. The process begins when a person with a will dies. Through the probate process, the decedent’s assets are distributed as per the details in the will. But...

What will happen to your business when you’re gone?

May 04, 2014

Jonathan Leventhal

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Your estate plan, no matter how complex, can be implemented any time before you die, as long as you are still legally competent. It’s probably a good idea to begin planning sooner rather than later, since you may not receive advance warning of your impending death. If you own a...

What is estate planning?

May 04, 2014

Jonathan Leventhal

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Believe it or not, you have an estate. In fact, nearly everyone does. Your estate is comprised of everything you own; your car, home, other real estate, checking and savings accounts, investments, life insurance, furniture, personal possessions. No matter how large or how small,...

WHAT CAN A LIVING TRUST DO FOR ME?

May 04, 2014

Jonathan Leventhal

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A living trust will avoid probate for all assets that have been transferred to the trust. Legal fees for probating an estate are usually much higher than the fees for administering a trust. Probates can also take a year or longer to complete, but a trust administration usually...

WHAT HAPPENS IF I DIE WITHOUT A WILL OR TRUST?

May 04, 2014

Jonathan Leventhal

Dying without a will or trust is called dying “intestate;” and, the intestacy laws of your state of residence, at your death, will determine who inherits from you and in what percentages. If you die with a well constructed and comprehensive will or trust plan, you get to decide...

NOTICE: ESTATE TAX EXEMTION CHANGE!

May 04, 2014

Jonathan Leventhal

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Estate tax is a tax imposed on the right to transfer property by inheritance and is assessed on the net value of a decedent’s estate before distribution to the heirs. 2013 brings changes to estate tax, making it more important than ever to engage in estate planning strategies...