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May 2018 Archives

What do 'joint tenancy' and 'tenancy in common' mean?

"Joint tenancy" and "tenancy in common" are property ownership arrangements used when a property has two or more owners. In cases of joint ownership of a property, it will be established whether the multiple owners will hold the property as tenants in common or as joint tenants. The biggest difference between these two forms of joint ownership comes into play when one of the owners passes away.

Could the children of my stepmother claim my father's estate?

Stepparents and inheritance are a common concern among children. Imagine a situation in which a father remarries to a woman who has children from a previous marriage. The father passes away and the stepmother inherits all of the estate outright. Will the children of the father have the right to receive a portion of the estate after their stepmother passes away?

How does a third-party special needs trust work?

When you hear about a third-party special needs trust, the term "third-party" refers to the trust as a tertiary entity that will provide for the needs of the special needs person. The benefit of a federally-approved special needs trust is the fact that it will not disqualify the beneficiary from receiving government aid and other financial assistance.

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The Soto Law Group
1101 Dove Street,
Suite 200
Newport Beach, CA 92660

Phone: 949-945-0415
Fax: 949-945-0197
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