People in California may have questions about how the legal process of transferring assets and property after a person's death occurs. This legal process in general is referred to as probate, although the process can vary greatly, depending on the circumstances. In general, a well-written and valid will can help a person avoid a lengthy and involved probate process, but in some circumstances, probate is a necessary and unavoidable step.
People in California who have lost a loved one know that the emotional toll of grief and sadness can be overwhelming. The loss of a close friend, relative or spouse can make functioning normally difficult, if not impossible. Often though, before a person can properly grieve, they first have to deal with the practicality of winding down their loved one's affairs and settling their estate after death. Having a practical plan in place for one's own affairs after death can be very useful, especially when it comes to naming a capable person to perform the essential tasks that must be done.
Readers in California may have heard about the ongoing troubles surrounding the estate of deceased rapper Nathaniel Hale, popularly known as Nate Dogg, who died of complications from multiple strokes in 2011. Hale reached widespread popularity for his collaborations with some of the biggest names in hip-hop, as well as critical acclaim in the form of four Grammy nominations. He died at the young age of 41 and did not leave a will, leaving the disposition of his substantial estate to be determined by the California probate court.
Readers of this blog may have seen a recent headline about the allegations against pop icon Michael Jackson, who now is being accused of molesting yet another young boy. This time the accuser is a man named Wade Robson, once a staunch supporter of Jackson, who became friends with the pop star at the age of 7. The latest accusations may extend the California probate proceedings for the Jackson estate, which have continued through a seemingly never-ending spate of estate challenges from creditors, alleged victims and feuding family members.
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.
The death of Michael Jackson may have been a huge loss to the music world, but not even death could stop him, or his estate, from making money. Through clever estate administration, Jackson and his lawyers were able to secure a solid financial future for Jackson's mother and children. Now, approximately 18 months after his death, the King of Pop is continuing to provide for his family.