5 Things You Didn’t Know About Estate Planning
When you think of estates and estate planning, you probably think it’s just something that rich people do to pass their assets onto their children. But did you know that there’s a lot more to…
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What is Receivership and What Is It For?
Receivership can best be defined as a process where someone legally appointed as receiver for a company acts in that capacity as a custodian for the company’s assets or operations. Receivership is most commonly associated…
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When Does a Family Member Need a Conservator or Guardian?
A guardian is appointed to take care of most non-monetary (and often times monetary) decisions for someone who is not able to do this themselves, while conservators are appointed to handle only the actual monetary…
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The Duties of Conservators and Guardians
Guardians and conservators are appointed to the incapacitated, the elderly, the disabled or minors to care for the affairs and needs of these wars. But what are the specific duties of a guardian and a…
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How a Court Appointed Guardianship is Established
Some people may be too young, mentally unfit, or physically unwell to be able to make financial or legal decisions. They may not be able to fully understand the ramifications of their decisions and what…
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What are California Partition Actions?
Sometimes when multiple people own a single piece of real property in California, usually in the form of land or buildings, there may be disputes regarding said property. Whether this dispute is over use or…
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What are Referees and What Do They Do?
Oftentimes there can be disputes between co-owners of land or buildings that can’t be resolved by negotiation or mediation. Their ownership interest in property can then be partitioned in a partition action. But who handles…
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Receivers vs. Trustees in Bankruptcy
Both receivers and trustees are involved in bankruptcy, but only certain types. Receivership is both a feature of Chapter 11 bankruptcy, which is used for reorganization of a business entity under the United States bankruptcy…
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What Happens if My Parents Die Without a Will?
It’s not uncommon for a family member to pass away without a will. Whether it’s because they don’t want to confront the end of their life approaching or simply don’t think they have enough assets…
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