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If you are a parent, you are likely accustomed to possessing broad authority to make decisions pertaining to your child’s health, finances, and overall welfare. However, once your child reaches age eighteen, the legal landscape changes and your ability to make these important decisions evaporates. At age eighteen, your child has complete discretion to enter [...]
When people begin looking into the process of creating a living trust, they often have questions about the various legal terms that they may encounter, many of which can seem confusing and overwhelming. To help demystify the estate planning process, in this article I briefly define some of the most common trust terms and phrases. [...]
As a general rule, when a person dies in California holding real or personal property outside of a trust or without properly designated beneficiaries, the deceased person’s assets must be administered under the court’s supervision through a process known as “probate.” Probate proceedings can cost tens of thousands of dollars in statutory fees and administrative [...]
Although our firm does not practice constitutional law, I have a particular interest in this area of the law. The Supreme Court recently rendered many historical rulings, with the most notable being Dobbs v. Jackson Women’s Health Organization, which I have summarized here: The Facts: The Dobbs case addressed Mississippi’s Gestational Age Act which prohibits [...]
Tony J Tyre is extremely proud to announce that his law firm has been chosen by the readers of Pasadena Star-News, San Gabriel Valley Tribune, and Whittier Daily News as FAVORITE LEGAL SERVICES and FAVORITE LIVING TRUST ATTORNEY. He sincerely thanks his team for their continued dedication, enthusiasm, & hard work, and our clients for [...]
Unknown to many of us, the government does not take money from a person’s estate most of the time. In fact, estates will usually pay little-to-no money to the government through taxes, unless there are debts owed to governmental agencies such as Medi-Cal. The two main types of tax to consider are income tax and [...]
Upon completing their education, students in various disciplines such as physics, mathematics, or the social sciences obtain a Doctor of Philosophy (Ph.D.), medical students obtain a Doctor of Medicine (M.D.), and law school students obtain Juris Doctor (J.D.). Yet, while the degrees obtained by Ph.D. recipients, physicians, and attorneys all contain the term “doctor,” for [...]
Most living trust beneficiaries receive their inheritance “outright,” meaning it is distributed from the trust directly to them, so that they effectively own the inherited assets. Unfortunately, by “owning” their inheritance, your beneficiaries are then needlessly exposed to the claims of spouses in divorce, creditors, lawsuits, the loss of government needs-based benefits and potential estate [...]
Whether your loved one dies testate (with a will) or intestate (without a will), his or her estate will be subject to the California probate process—the roughly twelve-to-sixteen-month process whereby a court oversees distribution of an estate to its beneficiaries. The personal representative of an estate (the “executor”) is entitled to compensation for services he [...]
Over two years after the “Stay at Home” order went into effect, with Omicron, many people still feel overwhelmed and helpless, which is why now, more than ever, it is important to ensure that you and your loved ones are adequately equipped to handle whatever challenges may arise. Although having a living trust or will, [...]
