People in California who own substantial property and assets might have some questions about what their real and tangible property is worth. In a volatile real estate market, significant fluctuations in property value can be common, so an updated appraisal of the property may be necessary. Estate planning decisions may revolve around the value of these assets, so it's important for people to understand how the appraisal process in California works.
People in California probably know Casey Kasem as the voice of Top 40 radio and one of the most memorable personalities on the airwaves. Kasem died on June 15 at the age of 82, and according to reports, was the subject of a moving tribute marked by heartfelt speeches from family, friends and loved ones. However, things were not always so pleasant in the days and months leading up to Kasem's death, as a bitter family feud over his medical care erupted between his spouse and his children.
Californians may have heard of an interesting story of reunion, and some unexpected inheritance, that brought together two families that never knew of their common ancestry. All of it was caught on camera as part of an Irish television show called "Dead Money" that tracks two genealogist brothers as they track down heirs of people who die without named heirs in Ireland.
People in California may have seen a recent article proposing ways in which people can protect their digital accounts and social media assets after death. While it's something many people haven't thought much about, these staggering statistics might be reason enough: there are an estimated 30 million deceased people with Facebook accounts, and people consider the value of their digital assets to be, on average, $55,000.
Last month the U.S. Supreme Court decided that it will hear two cases dealing with same-sex couples and the discrimination they have encountered under federal and California laws. The Supreme Court will hear the cases in March and may have a decision sometime around the middle of summer.
A couple from Redlands, California, recently made an interesting discovery about the marriage that they thought they had shared for nearly half a century. As the two were preparing their wills and collecting estate planning documents, they could not find their marriage license from their nuptials in 1964. After contacting the county for a copy, they realized that the pastor who conducted the wedding had never filed the license with the county office, meaning that the two had never actually been legally married.
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.
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.
California residents and readers of this blog have probably seen coverage of the controversy surrounding the estate of Michael Jackson. Three years after his death, however, much more remains to be done in the probate of his estate.
The estate administration process involving the late Mary Kennedy's estate has taken a step forward, as the son of Mary and Robert Kennedy Jr. has been appointed as the administrator of the estate. Conor Kennedy, the couple's eldest son, turned 18 in late July and on the same day requested the court to name him as the administrator of his mother's $2.1 million estate.