Karen J. La Madrid
LATEST ARTICLES BY: Karen J. La Madrid
Updated estate planning laws for 2024
Estate planning laws are always going through changes, and 2024 isn’t any exception. Sometimes, people need to pass down part of their estate prior to their death. One way to do this is through gifting. Laws related to gifting limits…
Can I reduce the cost of probating my estate?
We all want to leave as much inheritance as possible to the people we love when we die. This is the essence of estate planning. However, the process of transferring your estate to your beneficiaries (known as probate) costs money.…
What makes a will invalid?
If you have worked hard your entire life, it’s only sensible that you make clear what you want to happen to your estate when you die. This is where will creation comes in. Without a will, California intestacy laws would…
Who is an eligible designated beneficiary?
An eligible designated beneficiary refers to an individual designated as a retirement account beneficiary. The designation is crucial as it provides certain tax advantages and influences the distribution of the account after the original account holder’s demise. Categories of eligible…
What is a probate advance, and do you need one?
Probate advances, often known as inheritance or probate loans, are financial tools that allow heirs to access their inheritance before the probate process concludes. This financial option can be a lifeline for individuals facing financial challenges or urgent needs, providing…
Addressing sibling rivalries during estate planning
Estate planning is a nuanced process, and it largely centers around ensuring that your assets go where you want them to upon your death. You can also use estate planning tools to designate suitable individuals to take care of your…
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