Probate

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Probate Court Cost How Much In California!?

2020-06-29T22:26:35+00:00

Probate Court Cost How Much In California!? Hi there, my name's Miranda Dressler and I'm an attorney with the Law Offices of Bridget Mackay in Petaluma, California. Today I'm going to talk to you a little bit about probate and why it's so expensive. In California probate is particularly expensive. And, you know, there's a few reasons why that is. The main reason is because of the attorney fees and the executor fees. Those fees and that fee structure is set by statute. Meaning that it can't be negotiated, and the fees are based off basically a percentage of [...]

Probate Court Cost How Much In California!?2020-06-29T22:26:35+00:00

Estate Planning Myths | Part One of Four

2020-06-29T22:36:55+00:00

Estate Planning Myths | Part One of Four Hi there. Bridget Mackay, the Law Offices of Bridget Mackay in Petaluma, California. We practice in the area of estate planning and elder law and these next series of blogs I'm going to do are on sort of the four myths about estate planning. One of the biggest ones I run across is you have to have a lot of money or things to make a trust or an estate plan. And that really is simply not true. Many people get trusts that aren't multimillionaires or billionaires because there are other [...]

Estate Planning Myths | Part One of Four2020-06-29T22:36:55+00:00

What Is Conservatorship?

2020-06-29T22:41:12+00:00

What Is Conservatorship? Hi there, Miranda Dressler here. Associate attorney with the Law Offices of Bridget Mackay in Petaluma, California. And today I'm going to talk to you about what happens if either you or a loved one become incapacitated and you don't have any written estate planning documents like a trust or power of attorney. If you become incapacitated, which means that you're no longer able to handle your personal and financial affairs. Then someone is going to need to step in to handle those things for you, meaning financial decisions and or health decisions. If you, if [...]

What Is Conservatorship?2020-06-29T22:41:12+00:00

Importance Of Properly Funding A Trust

2020-06-29T22:19:25+00:00

Importance Of Properly Funding A Trust Hi here, Bridget Mackay here with the offices of Bridget Mackay in Petaluma. We do estate planning and elder law. And I want to talk a little bit today about what happens if you haven't put all of your assets in your trust? Here in our office we call that "funding" your trust or your estate plan. And unfortunately, we see this situation quite often. Just the other day I have clients, or new clients that came in. They had gotten a trust done with another attorney. And in the file, they had [...]

Importance Of Properly Funding A Trust2020-06-29T22:19:25+00:00

Wills vs. Living Trusts: Keeping Private Matters Private

2020-06-29T22:01:01+00:00

Wills vs. Living Trusts: Keeping Private Matters Private In June, Richard Harrison died. Although his name may not seem familiar, you would probably recognize his face: Richard was the “Old Man” on the History Channel’s popular “Pawn Stars” television show, which features the Gold and Silver pawn shop in Las Vegas. Then, in July, Richard’s Will was filed in Nevada state court, and the media noticed that someone was missing: one of Harrison’s three sons, Christopher. In fact, to say Christopher was “missing” from the Will is a bit misleading—Richard’s Will says that Richard “intentionally and with full knowledge failed [...]

Wills vs. Living Trusts: Keeping Private Matters Private2020-06-29T22:01:01+00:00

Prince Estate Update 2018

2020-06-29T22:44:07+00:00

Prince Estate Update 2018 Hi there, Bridget Mackay with the offices of Bridget Mackay in Petaluma California. I work in the area of estate planning and elder law. And, I want to give you an update on Prince's death. He was an artist close to my heart, having grown up in the 80s. But, do you know that it's been two years since his death and his estate has still not distributed to his heirs? Now you can check out my other blogs that I did on Prince with an update on his six siblings who were going to [...]

Prince Estate Update 20182020-06-29T22:44:07+00:00

Estate Planning Basics: What’s the Difference Between . . . ?

2020-06-29T22:10:08+00:00

Estate Planning Basics: What’s the Difference Between . . . ? Estate planning involves a subset of property law, a notoriously arcane body of law that, in many ways, hasn’t changed for generations. As such, estate planners must be familiar with ancient concepts like escheatment (when a person’s property goes to the government because no heirs can be found), ademptions (what happens to a specific gift in a Will or trust if the property is no longer owned when the gift is supposed to become effective), and the rule against perpetuities (which governs, among other things, how long a trust [...]

Estate Planning Basics: What’s the Difference Between . . . ?2020-06-29T22:10:08+00:00

What Are Wills And Trusts?

2020-06-29T23:09:45+00:00

What Are Wills And Trusts? [Transcription] Hi there. My name is Miranda Dressler and I am an Associate Attorney with the Law Offices of Bridget Mackay in Petaluma, California and we focus on estate planning and elder law. This blog is the first in a series of blogs I'm going to be doing called Back to Basics. Both a will and a trust are estate planning devices. However, there are important differences and consequences that result from whether you use one or the other as your main estate planning document. So, both a will and a trust are legal [...]

What Are Wills And Trusts?2020-06-29T23:09:45+00:00

In the News: The Duke of Windsor’s Will and Maintaining Privacy

2020-06-29T22:26:52+00:00

In the News: The Duke of Windsor’s Will and Maintaining Privacy Californians are wary of the state’s probate process for many reasons. The process is lengthy, expensive, and requires going to court, which most people generally would rather avoid. Yet another reason for many residents’ reluctance to rely on probate is the public nature of probate proceedings. Many people aren’t comfortable publicly disclosing the extent of their property or how they choose to divide it. This post discusses how one famous individual used his special status to protect his privacy, and then suggests some ways that us normal folks can [...]

In the News: The Duke of Windsor’s Will and Maintaining Privacy2020-06-29T22:26:52+00:00

How Long Must Someone Survive You to Inherit from You?

2020-06-29T22:28:13+00:00

How Long Must Someone Survive You to Inherit from You? On December 27, 2016, Star Wars actress Debbie Fisher died after suffering a medical emergency while on a flight home from London. The next day, her mother, Debbie Reynolds, passed away after having a stroke while preparing for Fisher’s funeral. Having two deaths in the family in such rapid succession can be devastating, and it raises an important estate planning issue: What happens in California when someone who would otherwise inherit property from you dies shortly after you do? Does that property have to go through probate twice? The answer [...]

How Long Must Someone Survive You to Inherit from You?2020-06-29T22:28:13+00:00