Law Offices of Sidney L. Alegre

#TodayInHistory On this day in 1936, "Gone With The Wind", a best-selling novel by Margaret Mitchell, was published. It also became a blockbuster hit in 1939.

If a minor child is the beneficiary of an asset then the asset is to be transferred to the child, not to their surviving parent. Often a guardianship of the estate will need to be created by the court. #EstatePlanningTips

Usually, the answer is yes. If the minor child is the beneficiary then the asset is to be transferred to the child, not to their surviving parent. Unfortunately, a minor cannot hold the asset, sign any documentation for the asset or contract with anyone (such as a bank) in regard to the asset. Often a guardianship of the estate will need to be created by the court. Generally, the surviving parent is named as the guardian of the estate for the minor child.

The guardian of the estate will control the minor’s assets and the guardian of the person will make decisions for the minor over things such as living arrangements and health care, schooling and religious decisions. #EstatePlanningTips

A guardian is a person who is responsible for your minor children if both of the child’s parents are deceased. The guardian of the estate will control the minor’s assets and the guardian of the person will make decisions for the minor over things such as living arrangements and health care, schooling and religious decisions.

#TodayInHistory The Korean War ended in 1953.

#TodayInHistory In 1944, U.S. President Franklin D. Roosevelt signs the G.I. Bill, an act of legislation designed to compensate returning members of the armed services for their efforts in World War II.

Individuals with step-children and children from prior marriages generally want to have estate planning documents prepared to over-ride the California laws of distribution. #EstatePlanningTips

#TodayInHistory Congress created the Department of Justice in 1870.

#TodayInHistory In 1786, the constitution of the United States was ratified.

Generally, the distribution of an estate as determined by California law does not recognize inheritance rights of step-children. #EstatePlanningTips