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Probate & Trust Administration

Tuesday, December 20, 2016

Is it Time to Stress Test Your Estate Plan?    


Is it Time to Stress Test Your Estate Plan?    

If you have a properly executed will or trust in place, good for you! You’ve taken a great step toward protecting your assets for future generations. But, establishing an estate plan is only the first step. You still need to make sure that your plan will stay rock solid by keeping it up to date.

With each life change you will need to adjust your estate plan accordingly. If you experience changes to your career, health, residence, family or even tax status, your estate plan can be derailed.
Read more . . .


Thursday, December 15, 2016

How to Handle Underage Beneficiaries


Ontario Wills and Trusts Lawyer: How to Handle Underage Beneficiaries

Many grandparents wish to leave a legacy behind for their grandchildren; however, they may run into some issues if those children are underage. An Ontario Wills and Trusts attorney can help you determine what the best options are for leaving assets to underage beneficiaries, whether those assets are held in a Will or Trust, financial accounts, or as part of a life insurance benefit.

Underage Beneficiaries in a Will or Trust

Ontario Wills and Trusts lawyers will always ask their clients if any of their beneficiaries are underage or even if they would like to keep younger beneficiaries from accessing their full inheritance until they’ve reached a certain age, which is usually 25. If the children are underage, an adult property guardian must be named since minors are not allowed to own property. If a significant amount of property is left to the minor, a Trust should be set up to manage the property until the child comes of age.
Read more . . .


Tuesday, December 13, 2016

5 Steps to Settling a Probate Estate in San Bernardino


5 Steps to Settling a Probate Estate in San Bernardino

Settling a probate estate in San Bernardino requires quite a bit of time and a lot of organization. It has the potential to be a long, drawn-out process depending on the state of affairs of the deceased and how easy it is to work with the probate court. However, if you’re well-equipped and prepared to deal with the role and duties of an Executor, you may be able to settle the estate in a timely, uncomplicated manner. California probate attorneys have put together these five steps for settling a probate estate.

Gather Documents

The Last Will and Testament is the first document to come to mind when a person passes away and an Executor needs to start handling the estate, but it’s not the only one.
Read more . . .


Monday, December 12, 2016

What to Know for Estate Planning for a Blended Family


 Ontario Estate Planning for Blended Families

Many people are familiar with this common horror story: a parent remarries later in life to a person with a family of his or her own; when the parent passes away, their estate goes entirely to their new spouse through the laws of intestacy.

When the new spouse then dies, the cumulative estate goes to his or her children, leaving the original parent’s children without their rightful inheritance. This happens all too often, and usually leads to nasty court battles and hard feelings all around. However, estate planning lawyers in Ontario want people to know that with proper planning, these issues can be avoided.

While it may not always be pleasant  to think about what happens if you pass away, Ontario estate planning attorneys strongly advise those who are entering into a blended family situation to consider the following:

·         Truly think about who you want to provide for and in what manner.
Read more . . .


Thursday, December 8, 2016

What do I Need to Know about Irrevocable Trusts


Ontario Trusts Lawyer: Everything You Need to Know About Irrevocable Trusts

Irrevocable Trusts are an integral part of most asset protection planning strategies. They are used to protect property and assets from nursing homes and other predators, and, depending on your individual situation, can end up saving you thousands of dollars. Ontario trusts attorneys have put together some of the basics to give you everything you need to know about Irrevocable Trusts.

Irrevocable

Just as the name suggests, an Irrevocable Trust cannot be terminated once it is created, which is what sets it apart from a Revocable Trust. The reason it cannot be revoked is because of the many benefits afforded by the trust for protecting assets and shielding against taxes.
Read more . . .


Monday, December 5, 2016

How to Claim Death Benefits


Claiming Death Benefits in Ontario

The death of a loved one is one of the most difficult experiences to deal with in life. What makes the situation even harder is the financial aspect that accompanies funeral and burial expenses. Money is often the last thing grieving families want to think about, but, unfortunately, expenses related to death must be paid fairly soon after a loved one has passed. This is especially true if the deceased was the main provider of income for the family, and the family needs some assets to make it through until other arrangements can be made. Luckily, there are ways to receive death benefits quickly to help pay for these end-of-life expenses, and hopefully bring some small comfort to families during their time of need.
Read more . . .


Thursday, December 1, 2016

Building a Care Team Following an Alzheimer’s Diagnosis


Building a Care Team Following an Alzheimer’s Diagnosis |  Ontario Incapacity Lawyer

 

If you’ve recently been diagnosed with Alzheimer’s disease, you are undoubtedly going through an emotionally-draining and tumultuous time. One thing that could help you is to plan ahead and develop your own care team. This is a group of support people that will help you through the different stages of the disease. Here are a few things to consider when deciding if you would benefit from a care team:

 

Why do I need to build a team now?

 

A team can reduce the stress and feelings of being out of control of your own life. A team can help you live a more productive and active life during the early stages of the disease.
Read more . . .


Wednesday, November 30, 2016

What is a Pooled Trust and how can Seniors or People with Disabilities Benefit From One?


What is a Pooled Trust and how can Seniors or People with Disabilities Benefit From One?

 

When making decisions on care and insurance coverage for disabled and/or elderly loved ones, it’s easy to get lost in the myriad of choices and complicated regulations.  With Medicare and Medicaid there are income caps, so individuals often do not qualify because their income exceeds the eligibility limits. A Special Needs Trust can also be set up, but these are only for people under age 65.

 

How can an individual with disabilities qualify for Medicaid or Medicare and get the care they need if they are over 65 or have been told they are ineligible for these coverages due to income? A good solution is to use a Pooled Trust.

 

If your loved one with disabilities is a child, you need to ensure that they will be cared for in the event of your death.
Read more . . .


Tuesday, November 15, 2016

Basics of a Special Needs Trust


Ontario Special Needs Lawyer: Basics of a Special Needs Trust

For families with special needs individuals, ensuring the care for their loved ones once the caretakers are gone is of the utmost priority. The loss of specialized care and Medicaid or SSI benefits is a very real danger if proper special needs planning are not put in place, which is why Ontario special needs lawyers often share the benefits of special needs planning involving Special Needs Trusts.

What is a Special Needs Trust?

Since even a small amount of cash assets can disqualify special needs individuals from the care and assistance they need, it is important to not let these assets pass directly to them upon your passing. A Special Needs Trusts is the best way to ensure your special needs loved one keeps their care and assistance while also benefiting from the legacy you leave behind. Ontario special needs lawyers design these Trusts in such a way that the assets in it do not belong to your special needs beneficiary; instead, they are owned by the Trust and managed by a Trustee of your choosing who will direct the assets to be used for the benefit of your special needs loved one.
Read more . . .


Tuesday, October 4, 2016

Bad Estate Planning Decisions Can Be a Royal Pain


Bad Estate Planning Decisions Can Be a Royal Pain

 

It seems that nearly everyone is interested in the lives of the British royal family, and now estate planning lawyers have theirs piqued, too.  In September, Prince Harry—Princess Diana’s youngest son—turned 30.  With his birthday came access to the rest of his inheritance from his late mother.  It’s not his birthday that is of such interest, rather the fact that Princess Diana had clearly expressed her desire that he receive her assets five years ago. 

 

That’s right, Princess Diana’s own estate planning wishes were not followed, and it’s all because of a handwritten letter.
Read more . . .


Thursday, September 22, 2016

Leaving Property and Money to Minor Children


Leaving Property and Money to Minor Children in Ontario

  Here at Bristol, Haynes and Associates, our entire legal team is passionate about helping parents name legal guardians for their children.  It’s a critical step that allows parents to document the people they want and trust to raise their kids if they are incapacitated or unexpectedly pass away.

  But, there is another area of planning for children that many parents overlook—and that deals with the issue of money and property. Who will be in charge of managing an inheritance, or keeping the child’s money safe from being lost or squandered if the parent(s) pass away?

  In a lot of cases, estate planning for married couples is easy. You leave everything to your spouse.
Read more . . .


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Brock, Robinson & Associates assists clients with Estate Planning, Wills, Trusts, Special Needs Planning, Pet Trusts, Probate & Estate Administration, and Family Business Preservation in Chino, California as well as Chino Hills, Inland Empire, Pomona, Rancho Cucamonga, Ontario, Montclair, Diamond Bar, West Covina, Covina, Glendora, San Dimas, La Verne, Claremont Fontana, Riverside, Colton, Corona, San Bernardino, Redlands, Orange, Brea, Yorba Linda, Fullerton, Hacienda Heights, Eastvale, Norco, Mira Loma, Alta Loma, Upland, Rialto, Highland, Loma Linda and Grand Terrace in San Bernardino County, Los Angeles County and Orange County.



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