Saturday, July 24, 2010 Rules that Control Your Estate Administration
Rules you will live by after the passing of a loved one
Estate Planning and Estate Administration are both governed by four different sets of rules or laws.
1. Rule of Law
2. Rule of Possession
3. Rule of the Jungle
4. Rule of Love & Family
The key to ensuring that your plan will follow the Rules of Law and Love is to work with an attorney who is a Certified Legacy Advisor and uses Story Based planning. Plans that are Story Based result in plans that are purposeful and follow the rule of love & family.
Saturday, April 17, 2010 Why is there Probate and Why must the Trust be Administered
The primary reason for Administration of an Estate is to provide a process of orderly transfer of assets upon death, simply stated someone must be authorized to sign the decedent’s name to transfer assets. Upon the passing of an individual, there are certain steps and phases of administration that every estate goes through – regardless of size they are:
Phases are:
1. Get Acquainted, Review & Evaluate the situation and Retain the Law Firm.
2. Authority to handle the estate affairs is conferred upon the person who will be in charge.
3. Assets/Inventory and Appraise
4. Creditors
5. Plan and Reposition.
6. Taxes.
7. Report and Account/Protect Heirs and Beneficiaries
8. Distribute.
9. Receipts and close
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The Brock Law Office assists clients with Estate Planning, Wills, Trusts, Special Needs Plannning, Pet Trusts, Probate & Estate Administration, and Family Business Preservation in Chino, California as well as Chino Hills, 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.