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LONICH PATTON EHRLICH POLICASTRI
1871 The Alameda, Suite 400, San Jose, CA 95126
Phone: (408) 553-0801 | Fax: (408) 553-0807 | Email: contact@lpeplaw.com
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, and San Benito. For a full listing of areas where we practice, please click here.
DISCLAIMER
This web site is intended for informational purposes only and is not legal advice. Nothing in the site is to be considered as either creating an attorney-client relationship between the reader and Lonich Patton Ehrlich Policastri or as rendering of legal advice for any specific matter. Readers are responsible for obtaining such advice from their own legal counsel. No client or other reader should act or refrain from acting on the basis of any information contained in Lonich Patton Ehrlich Policastri Web site without seeking appropriate legal or other professional advice on the particular facts and circumstances at issue.
What’s The Difference Between Wills And Trusts?
/0 Comments/in Estate Planning /by Lonich Patton Ehrlich PolicastriNobody likes to think of leaving their loved ones behind, but it is an inevitable part of life that we will all face. Fortunately, wills and trusts allow people to ease the burden of their passing on their loved ones.
Wills and Trusts in Estate Planning
One of the most important steps that you can take in financial planning is to develop a plan for your estate in the event of your death or inability to manage your assets. While most people don’t like thinking about estate planning, it is an essential process to guarantee that your assets are given to their intended recipients.
When discussing your estate plan, it is important to decide if you want to create a will or a trust. Wills and trusts are both legal documents that dictate how a person’s assets must be distributed upon the person’s death.
If you are wondering what’s the difference between a ‘will and a trust?’ then you are not alone. While both wills and trusts have their advantages, it is important to understand their nuances so that you can choose the route best suited for your unique circumstances.
How a Will Can Help You
A will is a legal document in which a person specifies who they want to give their assets to — the beneficiaries — and how they want their assets to be divided among the beneficiaries upon the event of their death. A will automatically applies to all property that the creator owns, excluding joint-property and property owned via a trust or covered by a beneficiary designation or certain joint ownership that transfers at death.
Wills provide the benefits of being able to name a guardian for children if they are under 18 and being able to specify funeral arrangements. Additionally, they are relatively inexpensive to create, even with the help of an estate planning lawyer.
When a person creates a will they must designate an executor – a person who is responsible for executing the tasks of distributing the property according to the legally-mandated instructions in the will. It is important to include pertinent information in the will such as bank account numbers, life insurance policy numbers, and passwords to access the accounts and make the executor’s job easier.
Unlike a trust, a will must pass the probate process before the property is available for distribution. Probate is a court hearing in which a judge determines the validity of a will. While most wills pass in probate, it may be subject to a lengthy process if there are discrepancies in the will or if the judge has other reasons to doubt its validity. Since the probate process is a public hearing, it means that the individual’s private information will also be made available to the public.
A lengthy probate process amplifies the pain and stress of losing a loved one and a mistake in drafting the will can make it susceptible to a long hearing. In order to ensure a quick probate, it is highly recommended to hire a lawyer to ensure the will is lawfully dictated, especially for individuals with high-net-worth estates.
How a Trust Can Help You
A trust is a legal document that designates a “trustee” to manage the property included in a trust. A trustee can be a person, an institution, or a group of individuals who are responsible for actively managing the assets both during the person’s lifetime and/or after their death. A trust also includes beneficiaries, who are the people that will receive the assets.
Unlike a will, a trust does not automatically include all of the individual’s property and must be actively managed. Since a trust requires active management, it may be more expensive to create. Generally speaking, a trust is recommended for people who plan to make contributions to the trust throughout their lifetime, as doing this can have financial advantages such as future tax savings.
Another advantage of creating a trust is that it allows the trustee to manage the trust in the unfortunate event of a person becoming incapacitated and unable to manage their property.
Trusts also allow the property to bypass the probate process, thus making the distribution process more smooth and keeping the individual’s information private.
How LPEP Can Help You Plan Your Estate
LPEP specializes in high-asset estate planning in the Bay Area. Proudly serving San Jose and Silicon Valley, our team of reputable attorneys serve to protect your assets. We make it our goal to develop the best plan for your individual priorities, family circumstances, and finances.
If you are still uncertain of what your next steps in estate planning should be, or if you have any further questions, please do not hesitate to set up a free 30-minute consultation with our reputable lawyers.
How The Pandemic Is Increasing The Rate of Domestic Abuse
/0 Comments/in Family Law, In the Community /by Lonich Patton Ehrlich PolicastriDomestic violence (DV) and intimate partner violence (IPV) are deeply ingrained issues in our society that affect millions of people every year. On average, there are 20,000+ calls to domestic abuse helplines nationwide on a daily basis*. Adults aren’t the only victims of these assaults. 1 in 15 children is exposed to intimate partner violence annually**.
With the pandemic in full swing, and mandatory quarantines going into effect in 2020 and now 2021, experts have seen a rise in domestic abuse and IPV. In March, when the first stay-at-home orders were put into place, victims of IPV and DV were forced to stay at home with their abusers. While we’ve all been facing our own struggles these past 10 months, victims of abuse have been living in a state of perpetual fear and unsafety. Not only have they been facing the stress of potentially catching a fatal virus, but they have also been dealing with daily abuse from partners, family members, or other close relationships that they share a home with.
What is Considered Domestic Abuse?
Domestic abuse and IPV, while similar, are two different things. Intimate partner violence is violence at the hands of a romantic partner/ significant other. Domestic violence has a broader definition. DV can be at the hands of anyone in the household – family members, partners, friends, even children.
Domestic abuse can take many forms. It can be physical, mental, emotional, or sexual. It can include sexual assault, stalking, threats, verbal abuse, physical violence, and more.
How is the Pandemic Worsening Domestic Abuse?
Domestic abuse affects communities for a myriad of reasons. It commonly affects lower-income communities the most. Lower-income communities experience more everyday stressors than those who have financial security, especially during the pandemic.
Many low-income parents are essential workers. They are exposed to the virus at a higher rate due to their jobs, and being essential means that they can’t be home to care for their children who are now out of school due to Covid-19. Lack of childcare and financial instability can add tension to an already overwhelmed household.
In many cases, victims of IVP depend on their abuser for income and living arrangements. Abusers often make it difficult for their partners to hold a job or have any independent source of income. This is so they can keep their partner dependent and thus trapped in the abusive situation. It is a power play. For victims who are not allowed to have a job, and thus are stuck at home all day caring for the house and children, they are also vulnerable to more frequent attacks from a partner and violence becomes more frequent. Because they do not have their own income, they are unable to afford to leave the dangerous situation.
At home, learning is stressful for parents and children alike. Now that kids are forced to get an education from home, discrepancies in opportunities have become more visible. Many lower-income families do not have a stable internet connection and many don’t have internet at all. It’s not uncommon for lower-income families to not even own a computer for their children to use. With public libraries closed and schools closed, this creates a disadvantage for those children.
The stressors from lack of childcare and the difficulty of virtual & remote education have led to an increase in domestic child abuse.
How To Get Help
If you or a loved one is trapped in a home where domestic abuse is occurring, you need to reach out to local shelters and helplines. Setting up a safety plan during quarantine is key for escaping the dangers of your home situation. It’s hard to take steps towards leaving abusive partners because we often love them very much. But abuse is never acceptable no matter how much you love your abuser and no one ever deserves to be abused no matter what your abuser tells you.
If you live in San Jose or Santa Clara and want to take legal action, set up a free consultation with our domestic violence attorneys. We are discreet and compassionate. Our attorneys can help you set up a restraining order or can help you gain custody of your children if they are experiencing violence from someone in your household. You can contact us here to set up a consultation or to learn more about domestic abuse, read this.
What’s the Difference Between An Annulment And A Divorce?
/0 Comments/in Family Law /by Lonich Patton Ehrlich PolicastriRelationships are complicated, which explains why so many people are afraid of marriage. It’s a big decision and it can be difficult if one party decides they want out of the marriage. If you did enter into a marriage, and you or your partner have realized you want out, you have options. There’s divorce, annulment, and in some cases, legal separation. But what’s the difference between an annulment and a divorce? How do you know which is right for you and your spouse?
What’s An Annulment?
Many people recognize the term annulment from silly sitcoms about last-minute Las Vegas weddings that the co-stars don’t remember the next morning. In reality, annulments are a very useful, very valid tool that serves a much more serious purpose. An annulment doesn’t just end a marriage, it completely nullifies it. If you get an annulment, it cancels a marriage out and acts as though the marriage never happened or existed. It allows for both parties to remarry post annulment. It’s a clean slate.
Not everyone can get an annulment, however. There are rules that dictate which couples are eligible. For example, if one spouse lies or withholds information from their spouse upon marriage, the other spouse can file for an annulment based on misrepresentation. Some other reasons for an annulment include:
You can get help understanding these rules and stipulations by hiring an experienced annulment attorney. It can be hard to navigate an annulment on your own, so, having an expert can be beneficial.
What’s A Divorce?
A divorce is a legal dissolution of a marriage. It goes a step further than legal separation and has stricter requirements. In California, parties must have lived in the state for at least 6 months before they can get a divorce. Couples can choose legal separation over divorce.
Like an annulment, ex-spouses can remarry after a divorce. However, unlike an annulment, the divorce isn’t wiped from the record. A divorce means the marriage still existed and you must go through the procedures of dividing up property and assets and determining alimony and child support payments. California is a no-fault divorce state, which means that neither spouse is blamed for the end of the marriage. This usually follows with assets being divided 50/50. Spouses may need to obtain legal representation to help ensure the assets are divided equitably rather than equally.
If you have questions about whether or not you are eligible for an annulment or a divorce, or are still curious what’s the difference between an annulment and a divorce, contact an experienced annulment attorney. Lonich Patton Ehrlich Policastri has over 100 collective years of experience in family law. Set up a free 30-minute consultation here to find out if you and your spouse are eligible for an annulment.
How is Property Divided in a Divorce?
/0 Comments/in Family Law /by Lonich Patton Ehrlich PolicastriGoing through a divorce is devastating, and the headache of trying to understand the intricacies of divorce law and how it applies to your specific circumstances can be a nightmare. If you find yourself wondering, “How is property divided in a divorce?” then you are not alone.
The first piece of advice for people facing a divorce settlement is to research your specific state law or reach out to an asset division lawyer who can help you understand how family law property division is settled in your state.
How is Property Divided in a Divorce in California
The state of California practices the principle of “community property” during divorce proceedings. This means that all property accumulated by the spouses during the marriage is considered community property, and thus must be divided relatively equally between the spouses.
While some spouses are able to negotiate the division of property without the help of an asset division lawyer, property divisions are not considered legal without the approval of a judge who needs to validate the legality of the final separation agreement.
Unfortunately, divorce can bring forth hostility even after previously happy marriages. Often couples find that they cannot agree on how to separate their assets, and require the help of lawyers who specialize in family law property division. Both sides will present their case, and a judge will determine a division of property that is fair and relatively equitable. Cases in which the spouses have children together, tend to further complicate the divorce as determining a child custody arrangement can be a contentious issue.
Joint Property Versus Separate Property
During divorce litigation, a judge will need to determine which assets are joint property (community property) and which property is considered separate. Separate property includes:
Shared property may become joint property if both spouses share payments on the property, as in a house, or if both spouses contribute to the worth of a property, as in a bank account. Nuances like these make an asset division lawyer highly recommended in high-asset divorce proceedings.
Determining the Value of Property
Once the shared and joint property are differentiated, the division property process begins. Joint property is not always physically split down the middle but is often awarded as whole parts. For example, while one spouse may be able to keep the more expensive car, the other may be granted the higher checking account or an equalization payment.
Debt Ownership
Community debt is a complex issue beyond the sample of this blog, however, it is highly advised to assign debts to one spouse instead of sharing the ownership of the debt. This is to prevent one person’s credit from being negatively affected if the other is unable to make payments. Divorce litigators often offset an imbalance of property division by granting the debt ownership to the spouse who was granted more personal property. While one spouse may receive the higher checking account that same spouse may also have to assume the sole responsibility of paying off the credit card debt.
Family Law Property Division in San Jose
If you are facing a contentious divorce, it is vital to invest in an asset division lawyer to help you protect your personal property and ensure that you are not being taken advantage of. LPEP is a reputable high-asset family law firm that specializes in representing high-net-worth individuals. Schedule a 30-minute consultation today so that you may understand how we can help you. To learn more about property division, read this.
What Is A Board Certified Family Law Specialist?
/0 Comments/in Family Law /by Riley PenningtonFamily law litigation is one of the most emotional, stressful, and challenging litigation to experience. When fighting for the rights of your family, it is important to hire a certified family law specialist. While other non-specialized lawyers could represent you, they do not have the special training, experience, and qualifications to give you the best representation.
What Does It Take to Become a Certified Family Law Specialist?
In order to become a certified family law specialist, lawyers must pass an additional examination when taking the bar. Additionally, they must provide references and demonstrate experience in the field after passing the exam. The specialization qualification is not permanent, meaning that lawyers need to complete additional training every three years.
Only specialists have the experience and training to understand the specific nuances of family law practice that is pivotal in family law litigation. While many lawyers may practice family law, not all of the lawyers who practice have the proper family law specialist certification. When selecting your lawyer, it is essential to pay attention to this differentiating factor as it could significantly affect the outcome of your case.
What Does a Certified Family Law Specialist Specialize In?
Family law lawyers who are certified family law specialists are reputable lawyers who focus on providing services for the broad category of family law litigation. Practice areas include cases involving:
As cases involving children and divorce can be highly emotional and contentious, it is all the more recommended to hire family law attorneys who have specialized certification. This certification guarantees that they have the experience and references to provide strong representation. Additionally, it implies that the lawyers will have the experience to treat sensitive matters with the care and respect that the family law litigation deserves.
How LPEP Can Help You
The Family Law Group at Lonich Patton Ehrlich Policastri boasts a team of reputable Certified Family Law Specialists. The powerful combination represents some of the best talents in the Bay Area and is known for providing first-rate representation in complex family law litigation.
In addition to providing strong family law litigation, our team also encompasses experienced attorneys in estate law. The crossover between family and estate law is common with high-asset and complex family law cases, and it is important to have lawyers experienced in both fields. This makes our team more dynamic, more passionate, and more dedicated to protecting your rights.
We also have close partnerships with accountants, business evaluators, mental health professionals, and real estate appraisers. Our breadth of knowledge and access to outside resources gives us leverage over smaller firms. We use this leverage to put forth the strongest family law litigation in San Jose.
LPEP is a reputable law firm with a team of dedicated certified family law specialists and family law lawyers. We focus on providing litigation to complex family law litigation and are especially experienced with cases involving business owners, foreign nationals, and cases with high-assets.
At LPEP, we understand that complex cases are often highly more contentious and require the best representation. We are one of the largest family law firms in San Jose, which means that we have ample resources to provide you with the strongest litigation. Set up a free 30-minute consultation with a board certified family law specialist at our firm today.