How Is Property Divided In A Divorce In California?

How Is Property Divided In A Divorce In California?

Li - September 21, 2022

Because California is a community property state, almost all assets and debt accumulated during a marriage are regarded as marital property. Therefore, properties are shared equally between the parties in the case of a divorce—unless previously legally agreed otherwise. Let's look at what our prescreened  California family law attorneys  have to say about marital property division in Los Angeles: Community And Sole Property And How They Play Into California Law

Should You Wait To Draft A Will And Testament In Los Angeles?

Should You Wait To Draft A Will And Testament In Los Angeles?

Li - September 20, 2022

A Last Will and Testament is a legal document that outlines who you wish to inherit your possessions and money when you pass away. If you have small children, your will can also be used to select a guardian to look after them after your passing and to establish a trust to take care of their financial needs in the future. In short, a Last Will and Testament can designate who will take care of your estate after your passing. That said, why does every  California estate lawyer  advise that you get it as soon as you're able? Isn't a last w…

Does A Successor Trustee Control Living Trusts In Los Angeles?

Does A Successor Trustee Control Living Trusts In Los Angeles?

Li - September 19, 2022

A successor trustee takes over when a trustor or a previous trustee dies or cannot manage a trust for whatever reason. This is often indicated in a living trust, but the beneficiaries or a judge may decide on the successor trustee if not already stated in the document. As a trustee is in charge of managing the trust, choosing one is a big deal. It essentially gives a trustee power to take over some crucial decisions. That said, how far can that power go? What decisions can a trustee make? Can beneficiaries have a successor trustee removed in C…

How To Sue For Breach Of Contract In Los Angeles

How To Sue For Breach Of Contract In Los Angeles

Li - September 17, 2022

California business contracts  hold signatories liable to each other. This ensures that parties fulfill their part of the agreement and reduce potential conflicts and losses. This also means that contracts can be used to penalize or put the liability on the party that violates it. That said, how do you go forward with a breach of contract claim in California? What do you need to file a case? Let's look at how that works, as experienced by our prescreened  California business law attorneys : What Goes Into Breach Of Contract Claims In Los A…