Masatani Soroy Law Logo

CONTACT US TODAY 310-694-5527

Languages: English, Spanish, and Norwegian

  • Home
  • About
    • Attorney Profiles
    • Articles
  • Practice Areas
    • Estate Planning
    • Business & Commercial Law
    • Real Estate Law
  • Blog
  • Contact Us
Masatani Soroy Law Logo
Languages: English, Spanish, and Norwegian
  • Home
  • About
    • Attorney Profiles
    • Articles
  • Practice Areas
    • Estate Planning
    • Business & Commercial Law
    • Real Estate Law
  • Blog
  • Contact Us
Email

 Call

Additions to the family and estate plan changes

On Behalf of Masatani Soroy Law | Sep 5, 2023 | Estate planning |

Estate planning can encompass many different matters related to finances and healthcare. To avoid probate problems in California courtrooms, an estate planner might carefully look over their assets and decide what to leave their beneficiaries. Estate plans could be subject to change, as life’s circumstances are not always static. For example, the arrival of an unexpected child might prompt significant revisions to a current estate plan.

A new member of the family

When an estate planner writes a will, the Probate Court reviews and follows its stipulations. Unless someone contests the will, expect the wishes presented in the document to be followed by the executor and the probate court. If a new addition to the family is not mentioned in the will, the child might not receive anything from the estate. This situation could be devastating for a young person if they are not financially supported, as it could lead to an uncertain future.

Revisiting the will and updating estate plans might be advisable with the arrival of a new family member. The will could direct funds to a trust for the young person to care for their future educational needs, among other things. Also, the will could suggest guardianship if the child is underage. Sometimes, the will could withhold funds until the child reaches a certain age.

Other estate planning matters

There could be other estate planning issues to consider. For example, setting up an irrevocable trust could be preferable when dealing with minors. Putting a life insurance policy inside a trust is another possibility.

When there are major changes in someone’s life, it could be advisable to revisit an estate plan. Reviewing the plan annually, even without major changes, could be beneficial.

Recent Posts

  • 3 ways parents protect their children through estate planning
  • Safeguarding generational wealth when estate planning
  • What should you think about when creating an estate plan?
  • 3 common reasons people add trusts to their estate plans
  • How California fights undue influence on estate planning

Archives

  • May 2025
  • February 2025
  • August 2024
  • May 2024
  • February 2024
  • December 2023
  • September 2023
  • June 2023
  • March 2023
  • November 2022
  • September 2022
  • June 2022
  • March 2022
  • December 2021
  • August 2021
  • May 2021
  • March 2021
  • September 2020
  • July 2020
  • April 2020

Categories

  • Estate planning

RSS Feed

Subscribe To This Blog’s Feed

Consult With Our Los Angeles Attorneys

Our business law and real estate law firm’s location offers a professional environment, convenient access and easy parking.

For an initial consultation with a lawyer regarding business or commercial lawsuits, business succession plans, or about personal legal needs such as estate planning or probate law, contact the Los Angeles Masatani Soroy Law. Call 310-694-5527 or complete our electronic intake form.

Masatani Soroy Law Logo
10850 Wilshire Blvd.
Suite 1100
Los Angeles, CA 90024

Phone 310-694-5527
Fax 310-312-1034

Los Angeles Office
Review Us

© 2025 Masatani Soroy Law • All Rights Reserved

Disclaimer | Site Map | Privacy Policy | Business Development Solutions by FindLaw