Your estate plan is the key to making sure that your loved ones know what to do with your belongings when you pass away. There are many facets to these plans that you have to think about when you are creating the plan for the first time. We know this might seem like a huge undertaking, but we are here to help you along the way.
If you are the administrator of a friend or relative's estate, you will need to familiarize yourself with the probate process. If the decedent had a trust in place at the time of their death, you may be able to sidestep the probate process. Otherwise, you will have to deal with the California probate courts to settle their affairs.
When a couple parts ways, they must divide their property and debts. However, each state has its own guidelines on how a couple should do this. California is a community property state, which means that community property will most likely be divided equally.