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?
Advanced Estate Planning
Families with substantial estates require additional strategies beyond a typical Estate Plan to reduce and offset Estate Tax liabilities.
There is a great deal of confusion and mythology regarding estate planning. It’s a subject that healthy, busy people really don’t want to think about. Understandably, the thought of suddenly becoming unable to function (due to disease or a catastrophic illness) and...
WHY “DO IT YOURSELF/FILL IN THE BLANK” WILLS & TRUSTS OFTEN RESULT IN DISASTER Retaining the services and expertise of an attorney who can assist you in preparing a smart estate plan requires a serious investment of time and money. The benefits (however) far...
The gross value of the estate is the fair market value of the estate before the debts are paid. For example, a $200,00 home is left to a child by a parent in a will. As the estate goes through the probate process, there will be fees of approximately $8,000 in...
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