Probate courts in California are full of people prosecuting lawsuits and claims against decedent estates, trusts, trustees, administrators, executors, heirs, beneficiaries, and family members and caretakers.
1. Treat siblings fairly in your will and estate planning documents.
2. Decide and confirm who gets what treasure.
3. Keep track of loans and advances.
4. Transfer a business with signed purchase contract.
5. Check and clarify ownership of what you leave.
6. Get and use your own lawyer.
7. Consider a corporate executor (not a personal executor).
8. Establish that you are of sound mind (perhaps video interview).
9. Include a “no contest clause” in your will.
10. Make any “disinheritance” clear in your will. (However, I don’t like the “disinheritance” concept and would not recommend it as an estate planning tool.)
Source of information is Forbes.com article – “10 ways to lawsuit protect your estate” – This is for information only and not the providing of legal or tax services.
HARRISON K. LONG – REALTOR® and broker associate, GRI – Coldwell Banker Residential Brokerage – 949-854-7747 (phone) – ExploreProperties@gmail.com (email) – CA DRE 01410855 – SFR short sale and foreclosure resource certified by the National Association of REALTORs® – now serving as an appointed director at California Association of REALTORs® – also a lawyer licensed by the California State Bar, member #69137.
You should always hire an estate planning and tax lawyer for advice and direction about your own situation. Contact us about listing and selling of trust and decedent estate property at Orange County CA real estate.