“Your source for Trusts, Wills, Probate, Family Law & more”

By: Stephen C. Ross, Esq.

May 16, 2013 (San Diego County) – Advance planning concerning your medical care decisions is important for both you and your family. It ensures your desires will be met while providing guidance to loved ones making difficult decisions regarding your care. People have varying opinions concerning what procedures to allow, medications to take, whether-or-not to prolong life and organ donation. Having an understanding of the terminology and decisions you may have to make will help ensure your wishes are met by those responsible for making your medical care decisions in the future.

“Your source for Trusts, Wills, Probate, Family Law & more”

By Stephen C. Ross, Esq.

April 23, 2013 (San Diego County) – A power of attorney (POA) is a written document wherein a person (the principal) appoints another person (the agent) to transact business and manage property on behalf of the principal. A POA has many purposes in estate planning, including: allowing the agent to transfer property into a revocable trust that is the principal’s primary estate planning tool; facilitating gifts to take advantage of the federal annual gift tax exclusion; and, allowing the agent to operate the principal’s business that is not included in a trust.

“Your source for Trusts, Wills, Probate, Family Law & more”

By Stephen C. Ross, Esq.

March 16, 2013 (San Diego County) – Probate is a legal proceeding whereby the court ensures the decedent's assets are collected, creditors paid and the remaining assets distributed pursuant to the terms of the decedent's will. If the decedent died without a will (intestate), the estate assets will be distributed pursuant to the California law of intestate succession.

“Your source for Trusts, Wills, Probate, Family Law & more”

By Stephen C. Ross, Esq.

February 17, 2013 (San Diego County) – I often talk with people who believe estate planning is only for the wealthy. However, even people with few assets may benefit from proper estate planning.

You may be subject to formal probate proceedings if the gross real and personal property value of your estate exceeds $150,000 and you do not have a revocable trust. A properly prepared power of attorney for health care may avoid the need for a costly conservatorship proceeding if you subsequently lack capacity to make your own decisions. A power of attorney may avoid a conservatorship proceeding and ensure that a person you trust is ready to handle your financial affairs if you become incapacitated.