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Without a will, a person not of the parent’s choosing may be appointed as guardian by the court. Thus, the court may appoint a guardian who would have been unacceptable to the parent or, worse yet, one who will not serve the best interests of the child. Under California Probate Code § 1514, guardians for minor children will be appointed by the court.
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Generally, a sole proprietorship is so dependent on the personal involvement of the proprietor, continuation of the business after the proprietor’s death will often be impractical. When the owner passes away, what remains are the assets of the business such as fixtures, inventory and client lists. In most cases, these assets have depreciated and will not have the same value
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Estate Planning is for everyone, not just the upper class. In fact, almost everyone can benefit from proper estate planning.
Estate Planning is the process of managing and placing a person’s family and financial affairs in order. The goals involve maximizing the person’s enjoyment of his or her estate (property and all other assets) ...
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