A recent article about California estate law and probate highlighted the importance of estate planning for a number of reasons, whether or not a person has substantial assets. While most people may be uncomfortable thinking, and even planning, for their death and the distribution of their property, they should take the time to address these issues. Avoiding probate, saving many thousands of dollars and preventing family tumult are several reasons why a person should have a current estate plan.
Our readers in the Sacramento area have surely heard about the impending federal estate tax break which is set to expire on Jan. 1, 2013. Anyone concerned about estate planning and avoiding unnecessary taxation should consider acting immediately to take advantage of the expiring estate tax exemption, as it could mean saving a significant amount of money down the line.
California residents may be interested to know that the court battle over the final wishes of Hollywood personality and beloved actor Sherman Hemsley took a rather bizarre twist as a judge ordered a man claiming to be the actor's brother to undergo a DNA test. Hemsley succumbed to lung cancer in July of this year. Currently, his body remains at a funeral home as the dispute over his will continues.
California movie fans mourned the 2010 death of iconic actor Dennis Hopper. Since his passing, however, various issues have clouded the administration of his estate. Hopper was married five times throughout his life and was in the process of divorcing his fifth wife at the time of his death.