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Couple considers a postnuptial agreements after walking down the aisle
Riley Pennington

5 Facts About Postnuptial Agreements

July 26, 2022/in Family Law /by Riley Pennington

Almost everyone has heard of prenuptial agreements signed before marriage to protect the couple’s individual assets in the event of the marriage ending in divorce. What you may not have heard of are postnuptial agreements.

What is a postnuptial agreement, and should you consider getting one?

Fact #1: Just like a prenup, a postnup outlines the responsibilities in the marriage, plus the division of assets and the assumption of debt if the marriage fails. However, a postnup is signed afterward instead of signing the agreement before the wedding.

Fact #2: Many couples sign postnups because of changing income or if one spouse inherits property. Some states consider inheritance to be community property. A postnup ensures the beneficiary receives sole possession of the bequest.

Fact #3: When couples get married, it’s hard to know where life’s road will take them. At the beginning of their life together, both may be working and earning equal income. But, at some point, children may come into the picture, and one parent decides to stay at home to raise them. A postnuptial agreement can ensure that the stay-at-home parent is provided for if the marriage fails.

Fact #4: A postnuptial can protect gifts. Some young couples looking to purchase a home may find they can’t afford the down payment. Many times, a parent will help to cover the cost. The house will likely become part of the settlement agreement if the couple divorces. A contract can protect the parent’s investment by stipulating the repayment of the gift if the couple divorces.

Fact #5: It can protect your children’s inheritance. Whether you have children from a previous marriage or your current marriage, a postnuptial agreement can outline the distribution of your assets in the event of death. You can ensure that your children will be provided for no matter what happens with your marriage.

Problems You May Encounter

Many problems can arise when one partner asks for a postnuptial agreement. Sometimes, the agreement can be seen as an indication that there are already problems in the marriage. This can lead to tension and resentment between the spouses.

Also, if the terms of the agreement are unfair, one spouse may be left with insufficient resources, and it may not hold up in court if it is deemed unfair or one-sided.

Opening the discussion may feel like a daunting task. Here are some tips for beginning the conversation:

  1. Choose the right timing. Bringing up a postnup during an argument is never a good idea. It should also not be discussed immediately or before a promotion or raise. Instead, pick a time when you are both relaxed.
  2. Find a quiet location where you won’t be interrupted.
  3. Be open and honest about your financial situation. Discuss your assets, debts, income, and expenses honestly.

You Don’t Have to Go It Alone

If you and your spouse are considering a postnuptial agreement, you will want to contact our experienced family law attorneys at Lonich Patton Ehrlich Policastri. We can help you understand the legal implications of it and assist you in negotiating an agreement that works for both of you. Call us at 408-553-0801 or fill out our contact form to schedule a free consultation.

 

https://www.lpeplaw.com/wp-content/uploads/2022/07/PostnuptialAgreement.jpg 511 1277 Riley Pennington https://www.lpeplaw.com/wp-content/uploads/2021/05/LPEP_PC.png Riley Pennington2022-07-26 19:30:222023-03-20 21:24:475 Facts About Postnuptial Agreements
Woman in Field With Daughter at sunset, importance of estate planning
Michael Lonich

Why Is Estate Planning Important?

July 19, 2022/in Estate Planning /by Michael Lonich

Oftentimes, estate planning can be misconstrued with needing to have a substantial amount of wealth – but that is not the case. Estate planning is a great way to make sure that your wishes are carried out regardless of your financial status. Protecting your assets and loved ones is essential in understanding the importance of estate planning and preserving your legacy.

Here are a few reasons why everyone, including you, should consider the importance of estate planning:

– It’s Not Just a Will

An estate plan is more than a will. While it is an avenue for people to understand how your assets should be handled, it is also much more than that. An estate plan can assist in helping your family understand what treatments you do, or don’t, want if you are unable to advocate for yourself. It is also a clear way to designate who should receive which of your monetary assets, including retirement accounts.

– It Saves Time and Money

Since the primary function of an estate plan is to provide instructions for beneficiaries, it can be hard to do so without one. If your estate plan does not exist, your assets can then be liable to distribution by the state. This can often involve the lengthy process of the state identifying your assets and then determining who they should belong to. Additionally, there are a lot of financial and tax rules that apply to assets once they no longer belong to you. Estate plans can help you navigate and understand taxes ahead of time so that the burden doesn’t fall on your loved ones.  The only person who knows who your assets should go to is you. Making an estate plan saves those around you the mystery of what your wishes would be.

– It Protects Your Family

An estate plan allows you to have control, which means it can also help protect your family. Since estate plans provide a clear directive, it helps keep a lot of confusion away from your heirs. Reflecting on your assets and the people in your life that they should go to is a great way to keep things up to date. Without a directive, it can be difficult for those around you to understand what should go to who. Additionally, estate plans are a directive toward guardianship of children under the age of eighteen.

Get an Experienced Estate Planning Attorney on Your Side

While it can be difficult to think of the inevitable, by having an estate plan, you can feel confident that your wishes will be carried out. Estate plans put you in control, giving you the peace of mind that a decision has been made. LPEP law has helped hundreds of people like you to put things into perspective and understand the importance of estate planning. Our estate planning attorneys make the process as seamless as possible, guiding you every step of the way. When you’re ready, call us at 408-553-0801 to get started.

https://www.lpeplaw.com/wp-content/uploads/2022/07/ParentWithDaughter-1.jpg 487 1200 Michael Lonich https://www.lpeplaw.com/wp-content/uploads/2021/05/LPEP_PC.png Michael Lonich2022-07-19 20:18:562023-03-20 21:23:54Why Is Estate Planning Important?
Mother granted full child custody holds son's hand, determining child custody
David Patton

How Do Judges Determine Child Custody?

July 7, 2022/in Family Law /by David Patton

When two people get divorced, one of the most challenging and important decisions that must be made is who will have custody of the children. Judges must consider various factors in making this determination to ensure they are making a judgment that is in the child’s best interests.

Judges often evaluate factors including each parent’s home environment and work schedule and whether either parent has been abusive or neglectful. Ultimately, the goal is to ensure that the child has a stable and supportive home life.

What factors do judges evaluate when determining child custody after divorce?

When determining child custody, judges must take into account many factors, including the child’s age, best interests, and their relationship with each parent. They may also look at the parents’ ability to cooperate and the scenario that will provide the most stability and continuity.

Depending on the child’s age, a judge may ask for their input on the arrangement and what they feel most comfortable with. This can be done by speaking with the child directly if they are old enough or by utilizing a custody evaluator as a liaison.

In addition to the considerations above, a judge will also evaluate each parent’s mental and physical well-being and their capacity to care for the child. This could involve looking at work schedules, available family support, and financial situations to determine which parent can provide the most stable living situation.

If there is evidence of neglect or abuse from either parent, the judge will take steps to protect the child by limiting or preventing contact with that parent.

Primary vs. Shared Physical Custody

There are two common forms of child custody arrangements – primary or shared physical custody. A primary custody arrangement means one parent has sole supervision over the child, while the other might receive visitation rights. However, the child resides only with the parent with primary custody. Primary custody also grants the primary parent the ability to make decisions regarding health and education without the other parent.

Shared physical custody is also known as joint custody. In these arrangements, the child resides with both parents on a schedule. Typically, shared physical custody is measured by counting the amount of overnight time each parent has during a set period, though time may not always be divided equally. For example, a child may live with one parent during the week and the other parent on weekends or might alternate weeks and weekends with each parent. Joint custody also provides both parents with equal rights to make decisions regarding the child’s health or education.

In California, there is a presumption of shared physical custody, meaning that a shared arrangement is often recommended unless there are strong reasons for one parent to be awarded primary physical custody.

Assistance with a child custody case

Determining the custody of children in a divorce can be a daunting task. Still, with careful consideration, judges aim to make arrangements that are in the child’s best interest. If you need guidance in navigating a child custody situation, allow the experienced family lawyers at Lonich Patton Ehrlich Policastri to assist.

Our team of lawyers has been helping families in the greater Bay Area navigate complex legal situations for decades. Call 408-553-0801 or click here to schedule a free consultation today.

 

https://www.lpeplaw.com/wp-content/uploads/2022/07/MotherWithChild.jpg 600 1280 David Patton https://www.lpeplaw.com/wp-content/uploads/2021/05/LPEP_PC.png David Patton2022-07-07 19:29:302023-03-20 21:22:52How Do Judges Determine Child Custody?
Man Signing Trust to Avoid Probate, trusts and probate
Michael Lonich

Do I Need a Trust to Avoid Probate?

June 29, 2022/in Estate Planning /by Michael Lonich

Very few people want to see an estate end up in probate. It is an expensive and lengthy process that requires a judge to validate and authenticate your will and name an executor. Creditors must then be notified and paid off before distributing your assets to the beneficiaries.

There are a few ways to prevent probate litigation, such as joint ownership and gifting some of your possessions to your loved ones while you are still alive. Another way to avoid probate is by establishing trusts. 

What are trusts, and how can you set one up?

Types of Trusts

A trust is a legal arrangement in which one person (a trustee) manages property of another person (the beneficiary). Revocable, irrevocable, and testamentary trusts may be terms you have heard.

Revocable and irrevocable are living trusts that go into effect and are funded while the grantor is still alive. A testamentary trust is created through a will and does not take effect until after the grantor’s death.

Trusts can effectively manage your property and ensure it is distributed according to your wishes. But, each of them has its benefits and drawbacks.

Revocable Trusts

  • A revocable trust can be changed or terminated at any time by the person who created it, called the grantor. In addition to being a way to avoid probate, a revocable can be used to manage assets during the grantor’s lifetime, which can be helpful if the grantor becomes incapacitated.
  • Revocable trusts also have some drawbacks. Because the grantor retains control over the assets in the trust, they are still considered part of the grantor’s estate for tax purposes. Additionally, revocable trusts do not offer the same level of asset protection as irrevocable trusts.

Irrevocable Trusts

  • An irrevocable trust cannot be changed or terminated once created without the beneficiaries’ approval. This may seem like a drawback, but it provides some distinct advantages:
  • An irrevocable trust can help to protect assets from creditors. Once an asset is transferred into the trust, it becomes the property of the trust and is no longer subject to the claims of the grantor’s creditors.
  • It can help to minimize estate taxes. Assets in an irrevocable trust are not included in the grantor’s estate for tax purposes, so they are not subject to estate taxes when the grantor dies. An irrevocable trust can help ensure that assets are distributed according to the grantor’s wishes.
  • One common issue with irrevocable trusts is that they may not be able to be adapted to changes in the needs of the beneficiaries. For example, if a beneficiary develops a medical condition that requires expensive treatment, an irrevocable trust may not be able to be modified to provide for that need.

How to Navigate Estate Planning Concerns Such as Trusts and Probate

Due to the nuances of setting up a trust, you may want to consider working with an attorney. Our lawyers at Lonich Patton Ehrlich Policastri are experienced at crafting a variety of trusts. Call us at 408-553-0801 to schedule your free consultation.

https://www.lpeplaw.com/wp-content/uploads/2022/06/ManSigningTrust.jpg 696 1500 Michael Lonich https://www.lpeplaw.com/wp-content/uploads/2021/05/LPEP_PC.png Michael Lonich2022-06-29 18:12:302023-03-20 21:22:05Do I Need a Trust to Avoid Probate?
Hitting Gavel During Restraining Order Hearing
Gretchen Boger

What Happens in a Restraining Order Hearing?

June 24, 2022/in Family Law /by Gretchen Boger

If you find yourself in a situation where you need to file a restraining order, you are likely nervous, scared, and unsure of what may happen. Understanding the process and knowing what to expect during the hearing may ease some of your anxiety.

Why You Might Need a Restraining Order

In California, a restraining order or protective order is a legal order issued by the court that requires one person to stop harming another, whether it is physical, sexual, stalking, threatening, or harassment. The person getting the restraining order is called the “protected person,” and the person on the receiving end of the restraining order is called the “restrained person.”

Restraining orders can include the following:

  • Personal conduct orders prohibit the restrained person from committing specific actions
  • Stay-away orders that don’t permit the restrained person from being in the same location as the protected person
  • Residence exclusion states that the restrained person must vacate the premises where the protected person resides.

There are four different types of restraining orders, including:

  • Domestic Violence : to protect someone who is being physically by a person they live with
  • Civil Harassment: for protection from someone who is not a close family member or domestic partner, such as a neighbor, distant relative, or roommate.
  • Elder or Dependent Adult Abuse: for adults who are unable to care for themselves due to physical or mental disabilities or older (65+) adults. The protective order is put in place for someone who has been physically abused, financially exploited, neglected, or deprived of services such as healthcare visits or medications.
  • Workplace Violence: can be requested by an employer to protect an employee from being harassed at the workplace.

What to Expect During the Process

In California, an individual must first file a petition with the court. At the hearing, the petitioner (the person who filed the order) will have an opportunity to present evidence and testimony to support their claims. The respondent (the person the order is filed against) will also have a chance to give evidence and testimony.

The judge will review the evidence and decide whether or not to issue a restraining order. They may impose other conditions, such as requiring the respondent to attend counseling or surrender their firearms.

We’re Here to Help

If you are in a situation where you need to file a restraining order, don’t hesitate to get in touch with our attorneys at Lonich Patton Ehrlich Policastri. Our experienced lawyers have combined litigation experience of over 100 years in family law matters. We will work with you and provide you with support and guidance as you work through this challenging situation. Call us at 408-553-0801 to schedule your free and confidential consultation.

https://www.lpeplaw.com/wp-content/uploads/2022/06/Gavel.jpg 585 1267 Gretchen Boger https://www.lpeplaw.com/wp-content/uploads/2021/05/LPEP_PC.png Gretchen Boger2022-06-24 17:50:362023-03-20 21:21:04What Happens in a Restraining Order Hearing?
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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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