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Prince When singer Prince passed away unexpectedly in 2016, he left no trust or will, leaving his $200 million estate up for grabs Multiple heirs came forward claiming an interest in the estate, resulting in a tumultuous legal battle Outcome: It took six years and cost millions of dollars to settle the Estate, with the [...]
Our firm, The Law Office of Tony J. Tyre, Esq, APC, with Offices in Covina and Temple City, California always offers complementary estate planning consultations to educate our clients and our community about the benefits of estate planning. Estate planning is an essential part of preparing for the future, so a free estate planning consultation [...]
Estate planning is a process that allows you to protect your loved ones by avoiding the expensive and time-consuming probate court process. Estate planning is not just for older adults but is equally important for young adults who have recently gained legal independence. This planning ensures that parents can continue to support their children in [...]
Cookie-cutter plans just don’t cut it for LGBTQIA+ families. While major strides for LGBTQ+ rights have been made in recent years, estate planning law is still written with hetero, cisgender couples in mind, which means that your wishes and your rights may not be respected when you die or if you become incapacitated without proper [...]
It’s that time of year…tax season. When most of us think of tax season, we think of our individual and business tax returns since these are the most common tax forms. Most of us do not think of the tax obligations relating to estates and lifetime gifts—but many of us should. In 2024, the estate [...]
Many pet owners worry about what will happen to their animals when they pass away. Fortunately, California law allows for the creation and establishment of something called a “pet trust,” which allows pet owners to legally set aside funds to be applied towards the lifetime care of their furry, feathery and scaly family members. A [...]
The holidays are here, and what does that mean? Soon you’ll be hearing people talking about their New Year’s resolutions. “I’m going to read at least one hour per day,” they’ll say. They’ll emphatically declare, “I’m going to work out more,” and “I’m going to eat better!” But let’s be honest—these types of resolutions require [...]
Quick, what’s the difference between a will and a trust? Might you be a testator? And what do you know about a conservatorship, besides the fact that Britney Spears has been embroiled in drama surrounding one? While these terms are familiar, many people are often pressed to define exactly what these important estate planning documents [...]
Losing a loved one is always difficult. In addition to coping with their grief, many people are left feeling overwhelmed by the numerous obligations and tasks associated with settling their loved ones’ affairs and don’t know where to start. Having a general idea of what to do when someone passes away can ease this burden [...]
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 [...]
