When parents plan their estate distribution, it is almost always centered around the idea that they are going to make their children’s lives better.
All the parents’ hard work, legacy, morals, beliefs, and visions are for the benefit of the child to pass it along generation to generation.
The point being it really doesn’t mean much if there is not a responsible person to receive all the parents’ effort.
That is why I cringe when I see young people recklessly riding electric bicycles all around town with no care in the world. I feel it is my moral obligation to point a few of the laws that govern electric bikes and maybe if a reader sees this and tells their child to be careful, we can save a life.
- A bicyclist must stop (completely) at a stop sign or traffic signal. California Vehicle Code 22450(a) Law section (ca.gov)
- The bicycle has to be at a height that allows the bicyclist to stop and put a foot on the ground. California Vehicle Code 21201. Law section (ca.gov)
- A bicyclist must wear a helmet if under the age of 18. California Vehicle Code 21212 Law section (ca.gov)
- A bicyclist must go in the same direction as the traffic is traveling. California Vehicle Code 21650 Law section (ca.gov)
- A bicyclist must have at least one ear not covered by earplugs, air pods, or anything else that effects the ability to hear the sounds of traffic. California vehicle code 27400. Law section (ca.gov)
If we can remind a child to stop at stop signs, travel in the right direction, listen to traffic, follow posted traffic signs, be respectful of the danger that they face and pose on the road, and realize that this is truly a life and death matter, then we will have someone to leave our estate to.
Imagine a trust administration or probate that had to center around a child that died because the child didn’t know the law applied to him or her?
Estate planning is the process of establishing a Trust, Will, Durable Power of Attorney, and other related documents during your lifetime.
Probate is the legal proceeding supervised by the Superior Court used to transfer title to assets when a person is deceased.
Advanced Estate Planning
Families with substantial estates require additional strategies beyond a typical Estate Plan to reduce and offset Estate Tax liabilities.
The quickest way to get assistance is to contact us directly at 310-316-2400 or by emailing us at email@example.com.
Digital Assets and Estate Planning
When estate planning for digital assets, it’s important to consider the following: Identify what digital assets you have: This includes social media accounts, email accounts, online banking and investment accounts, and any other digital assets that may have financial or sentimental value.
Determine who will have access to the assets:
Common Estate Planning Mistakes
There are two common estate planning technique mistakes that we see in our office all the time.
They are Payable on Death (POD) and Joint Tenancy with Right of Survivorship (JTWROS).
Three Real Estate Mistakes that can Trigger Probate in California
Every year, during our free 3-year reviews, without fail, we find that a few of our clients have inadvertently placed a piece of real estate in danger of going through Probate
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