Law Office of Barbara J. Dibble
Call Us Today 714-515-5126
Menu Contact

October 2016 Archives

Joint tenancy and the unmarried couple's estate plan

While it is difficult to quantify exactly why, there are areas in California that have long been known to attract individuals who prefer non-traditional ways of life. Often, this includes couples who choose to remain together without ever becoming legally married. Being in a long-term unmarried couple can present some difficulties when it comes to estate planning, but nothing that can't be overcome with proper knowledge of the law.

What is portability in estate planning?

One of the primary purposes of estate planning is to take full stock of one's assets and ensure that all of a person's property has a predetermined beneficiary when that person eventually passes away. If this is not planned out ahead of time, those assets suffer a greater-than-necessary depletion at the hands of federal estate taxes and other parties who may be able to siphon off pieces here and there.

Unmarried Couples On The Rise: What This Means for Estate Planning

Between the year 2000 and 2010, the number of couples who were living together instead of getting married rose by 25%, according to the United States Census. There are various reasons why a couple may choose not to marry, even though many go through their daily lives much like a married couple. Although some states will make a default assumption that those who live together long-term are married by "common law" and will treat them as such if this is the case in the event of one person's death. California is not among these states.

Why would I want a revocable living trust?

There are many tools available to Californians for estate planning, each with its own designated purpose. Those who are crafting an estate plan often choose to employ one or more types of trust, depending on the goals of the individual forming the trust. For Californians who desire to avoid having their property go through the probate process, the revocable living trust is a very popular option.

How do I value an estate?

Planning, establishing and maintaining an estate can be quite a handful of responsibilities, none of which should be taken lightly. One of the more arduous elements of maintaining one's estate can be the process of valuing an estate once the owner of the estate has passed away, which is necessary for the purposes of complying with federal estate tax laws. For those who are considering how to best go about valuing an estate, the IRS offers two viable standards it recognizes.

Email Us For A Response

Schedule a consultation with an attorney

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Office Location:
1235 N. Harbor Boulevard
Suite 200
Fullerton, CA 92832

Phone: 714-515-5126
Fax: 714-871-5620
Map & Directions

Phone Numbers: