| Volume 65 Number 4 |
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The People’s Lawyer’s Tip of the Day
If you do not have a will, the law writes one for you. For example, if you are married and have children from another marriage, your children and their step-mother may share your property after your death. The best way to make sure your property goes to whom you want after your death is to have a will. A will can also avoid time and expense when it comes to probate.
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Your Money
Should you exercise your "in-the-money" stock options? Click here for more.
For the Lawyers
State law regarding repossession not preempted by National Bank Act. The Ninth Circuit held that a bank may be denied a deficiency judgment based on its failure to follow California post-sale notice provisions. The bank argued federal law barred the claim. The court concluded that the federal law did not preempt the state notice requirements. Specifically, the court concluded that the notice requirements fell within the scope of state activity permitted under the federal law’s express preemption and savings clauses. Click here for more.