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Julia Lemon

Do I Need a Pre-Nup?

January 25, 2010/in Family Law /by Julia Lemon

As wedding season approaches, you may be wondering whether a pre-nup, or pre-marital agreement, is necessary or right for you.   A pre-marital agreement can provide many benefits, such as protecting your separate property, supporting your estate plan, and establishing rules for deciding future matters during marriage and handling issues such as spousal support and property division should you later divorce.

When considering whether a pre-marital agreement is right for you and your fiancé, consider the following questions.  If you and/or your fiancé answers yes to any of the following questions, you may benefit from a pre-marital agreement.

  • Do you own any real estate?
  • Do you own more than $50,000 worth of assets other than real estate?
  • Do you own all or part of a business?
  • Do you currently earn a salary of more than $100,000 per year?
  • Have you earned more than one year’s worth of retirement benefits or do you have other valuable employment benefits, such as profit sharing or stock options?
  • Does one of you plan to pursue an advanced degree while the other works?
  • Will all or part of your estate go to someone other than your spouse?

If you would like to discuss the benefits and procedural requirements of a pre-marital agreement, please contact Lonich & Patton, LLP for a free 30 minute consultation.  Consider issues that you may want to address in your pre-marital agreement, such as separate property identification, decisions about how you will handle money and property while you are married, whether spousal support (alimony) will be paid or waived in the event of divorce, retirement benefit agreements, and agreements about how you want to leave property at your death.

Source: http://family.findlaw.com/marriage/marriage-agreements/prenup-decision.html

https://www.lpeplaw.com/wp-content/uploads/2021/05/LPEP_PC.png 0 0 Julia Lemon https://www.lpeplaw.com/wp-content/uploads/2021/05/LPEP_PC.png Julia Lemon2010-01-25 13:12:072021-12-22 22:04:10Do I Need a Pre-Nup?
Gina Policastri

The Elkins Family Law Task Force

January 20, 2010/in Family Law /by Gina Policastri

The Elkins Family Law Task Force was appointed in response to an August 2007 California Supreme Court opinion, Elkins v. Superior Court (2007) 41 Cal.4th 1337, which held that marital dissolution trials should “proceed under the same general rules of procedure that govern other civil trials.”  The charge of the task force is to propose measures to improve efficiency and fairness in family law proceedings and ensure access to justice for all family law litigants.  At its initial meeting in June 2008, the task force defined values that have guided its work and will inform proposed recommendations:

Ensuring justice, fairness, and due process in family law;

Ensuring meaningful access for all litigants;

Using innovative techniques to promote effectiveness and efficiency;

Improving the status of, and respect for, family law litigants and the family law process and

Securing adequate resources, including existing, reallocated, and new resources.

As of October 1, 2009 the Elkins Family Law Task Force had released over 100 draft recommendations for a two-month public comment period that ended on December 4, 2009.  The task force will convene in a two-day meeting from February 1-2, 2010 in the Judicial Council Conference Center of the Administrative Office of the Courts in San Francisco.

Adapted from http://www.courtinfo.ca.gov/jc/tflists/elkins.htm

https://www.lpeplaw.com/wp-content/uploads/2021/05/LPEP_PC.png 0 0 Gina Policastri https://www.lpeplaw.com/wp-content/uploads/2021/05/LPEP_PC.png Gina Policastri2010-01-20 13:26:052021-12-22 22:04:15The Elkins Family Law Task Force
Lonich Patton Ehrlich Policastri

Commonly Used Terms in Family Law

January 11, 2010/in Family Law /by Lonich Patton Ehrlich Policastri

Child Support – Money paid by a parent to help support a child or children.

Spousal Support-the money paid to the divorced spouse or to the spouse with whom divorces proceedings are initiated, as compensation ordered by the court, for their support. In no-fault divorce it is also called as alimony.

Child Custody– used in the court of law in cases where the court has to decide on which parents, in case of divorce cases, and who be the guardian in any other case, of a child who is not yet 18 years of age regarding the social upbringing, education and health matters. The court has to make a decision on such cases very carefully as its a question of child’s future and present upbringing. Incase its found that both the parents are unfit of not of sound mind, the custody of the child goes relatives and orphanages.

Arrears – Money owed because a parent or spouse did not make a court ordered child or spousal support payment on time.

Prenuptial Agreement –  a written contract between two people who are about to marry, setting out the terms of possession of assets, treatment of future earnings, control of the property of each, and potential division if the marriage is later dissolved. These agreements are fairly common if either or both parties have substantial assets, children from a prior marriage, potential inheritances, high incomes, or have been “taken” by a previous spouse.

Postnuptial Agreement – a voluntary marriage contract between spouses that is created after their wedding. It is important that each party has their own legal counsel before signing a postnuptial agreement.

Qualified Domestic Relations Order – Any decree, judgment, or order that recognizes the right of one person (the alternate payee) to participate either totally or partially in the pension of another (the participant). The alternate payee must be a dependent child, spouse, or former spouse of the participant. This is an exception to the ERISA rule, proscribing the assignment of plan benefits. Abbreviated QDRO.

With help from the following sources:

http://www.legal-explanations.com

http://www.yourdictionary.com/law/qualified-domestic-relations-order

http://marriage.about.com/od/agreements/g/postnuptial.htm

http://dictionary.law.com/Default.aspx?selected=1585

https://www.lpeplaw.com/wp-content/uploads/2021/05/LPEP_PC.png 0 0 Lonich Patton Ehrlich Policastri https://www.lpeplaw.com/wp-content/uploads/2021/05/LPEP_PC.png Lonich Patton Ehrlich Policastri2010-01-11 13:18:002021-12-22 22:04:35Commonly Used Terms in Family Law
Lonich Patton Ehrlich Policastri

Commonly Used Terms in Probate and Estate Planning

January 6, 2010/in Business Law, Estate Planning /by Lonich Patton Ehrlich Policastri

Beneficiary – Someone who gets something from a trust. A person who gets money from a trust is called an income beneficiary. A person who gets property from a trust is called a remainder beneficiary.

Will – A legal paper that says what a person wants to happen to his or her personal property after s/he dies.  The person who controls the Will can change or cancel it at any time before they die.

Probate Estate – All the assets in an estate that are subject to probate. This does not include all property. For example, property in joint tenancy, or an IRA account are not part of the probate estate.

Conservatorship – A court proceeding where a judge picks someone (a conservator) to take care of an adult’s personal needs (Conservatorship of the person) and/or his or her finances (Conservatorship of the estate).

Guardianship – A court proceeding where a judge chooses someone to care for a person under age 18 or to manage his or her property, or both. Guardianship of the person gives someone who is not the child’s parent custody and control of the child. Guardianship of the estate gives someone (parent or not) the right to manage the minor’s property until the child is 18.

Trust – A trust is when one person (trustee) holds title to property for the benefit of another person (the beneficiary). A person called the settlor (or trustor) creates the trust and puts the property in the trust. The settlor, trustee, and beneficiary can be different people. But, one single person could be the settlor, trustee and beneficiary.

Joint Tenancy – When 2 or more people own something and have rights of survivorship. This means that if 1 tenant dies, his or her share goes to the other tenants.

Totten Trust Account – A type of savings or checking account. The money that’s left in the account when the owner dies goes to the person the owner chose. It is not subject to probate. The same as P.O.D. (payable on death) accounts. P.O.D. accounts are more common.

Litigation – A case, or lawsuit. The people in a lawsuit cannot agree, so they present evidence and let the court decide.

Will Contest – When you challenge the validity of a Will in probate court. You can challenge a Will because: it was not executed properly; it was cancelled or revoked; the testator was not capable of writing it.

Executor – The person or company named in a Will to carry out the Will’s instructions. Usually, the probate court supervises the executor.

Letters Testamentary – Court papers that let someone be the personal representative of a probate estate.

Fiduciary – A person who acts for another person’s benefit, like a trustee, guardian, or personal representative. It also means something that is based on a trust or confidence.

Intestate – To die without a valid Will. Or, a person who dies without a Will.

Intestate Succession – State laws that say who gets a person’s property when s/he dies without a Will. Or, what happens if the Will does not say what to do with the property.

With help from the Superior Court of California, County of Santa Clara website.

http://www.scselfservice.org/probate/prop/FrequentlyAskedQuestions2.htm

https://www.lpeplaw.com/wp-content/uploads/2021/05/LPEP_PC.png 0 0 Lonich Patton Ehrlich Policastri https://www.lpeplaw.com/wp-content/uploads/2021/05/LPEP_PC.png Lonich Patton Ehrlich Policastri2010-01-06 13:15:262021-12-22 22:04:43Commonly Used Terms in Probate and Estate Planning
Lonich Patton Ehrlich Policastri

Commonly Used Terms In Divorce Proceedings

December 18, 2009/in Family Law /by Lonich Patton Ehrlich Policastri

Divorce – A common name for a marriage that is legally ended.

Mediation – When a neutral person (called a mediator) helps people who cannot agree to communicate so they can reach a settlement they both accept. A mediator does NOT give legal advice.

Mediator – Mediators are lawyers or professionals trained to solve disputes. They are neutral and help people settle on their own. The mediator does not decide the case.

Collaborative Law – A way to solve conflicts without going to court. Both sides have a lawyer, but they agree not to go to court unless it is impossible to settle.

Mandatory Settlement Conference – This is the last chance for people in a lawsuit to try to settle before trial. A judge or lawyer listens to both sides of the case and tries to find a solution that everyone agrees with. It is less formal than a full Settlement Conference.

Pro Tempore – Same as a pro tem, or temporary judge. A referee, commissioner, or lawyer who temporarily replaces a judge. Comes from the Latin for for the time being or temporarily.

Default – When a defendant doesn’t file an answer in time or go to court when s/he is supposed to. If the defendant was properly notified, the judge can decide the case without him or her.

Proceedings – Usually, the process of conducting judicial business in front of a court or other judicial officer. A proceeding is any of the separate steps in that process, like, a motion or hearing.

Order to show cause – A court order that makes someone go to court to explain to the judge why s/he did not follow the rules. If someone doesn’t follow the rules, the judge can fine or punish that person in other ways.

Petitioner – A person who presents a petition to the court.

Respondent – The person who answers the original Petition.

With help from the Superior Court of California, County  of Santa Clara website.

http://www.scselfservice.org/fam/default.htm

https://www.lpeplaw.com/wp-content/uploads/2021/05/LPEP_PC.png 0 0 Lonich Patton Ehrlich Policastri https://www.lpeplaw.com/wp-content/uploads/2021/05/LPEP_PC.png Lonich Patton Ehrlich Policastri2009-12-18 13:04:462021-12-22 22:04:53Commonly Used Terms In Divorce Proceedings
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LONICH PATTON EHRLICH POLICASTRI

Phone: (408) 553-0801
Fax: (408) 553-0807
Email: contact@lpeplaw.com

1871 The Alameda, Suite 400
San Jose, CA 95126

Located in San Jose, Lonich Patton Ehrlich Policastri handles matters for clients in northern California, specifically San Jose and Silicon Valley. Our services are available to anyone within the following counties: Santa Clara, San Mateo, Contra Costa, Santa Cruz, Monterey, San Benito, and San Francisco. For a full listing of areas where we practice, please click here.

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