July 2012 Archives

California court creates inheritance rights for same-sex partner

The California Court of Appeals has recognized for the first time that an unmarried same-sex partner may have what is known in legal language as expectation of inheritance. That result was reached in the ongoing inheritance case of a late California man and his partner, which may change the landscape of probate law in the state.

Parental legislation could affect estate planning in California

A new bill being considered by the California State Legislature could produce some interesting side effects in the area of wills, trusts and probate administration. The bill, however, is primarily concerned with family law matters and seeks to eliminate the legal mandate that a judge consider no greater than two people to be the legal parents of a child.

'Living wills' for banks bear semblance to personal version

A living will is a somewhat novel concept for a corporation. The idea appears to be borrowed from personal living wills, which direct the chosen proxy and other parties to a person's health care wishes should they become incapacitated. In the same way that big bank 'living wills' are meant to prevent financial system turmoil, a personal living will can prevent turmoil and angst amongst family and loved ones in the Sacramento area.

Mother, wife of missing millionaire fight for control of estate

California residents may have seen the news that a multi-millionaire went missing last week under mysterious circumstances. Now the fallout over the man's disappearance seems to be coming to a head, as his wife and mother wrestle over control of the man's numerous business interests, assets and property. The man vanished last week after embarking on his fishing boat, which later washed up on a Fort Lauderdale beach.

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