It is quite common for people to nominate a close relative or dear friend as trustee for their living trust, and most of us so named readily accept without much consideration. When that grantor, or person who created the trust, dies, you may find yourself somewhat overwhelmed by the task ahead and uncertain how to …. Read More
Administration of a trust or an estate, in California, requires great focus and attention to the California probate code. While many are quick to accept the responsibility of being a trustee or an executor for a loved one, close friend, or business associate, those who do are often unfamiliar with the fiduciary duties involved in …. Read More
A good estate plan considers what will happen to all of your valuable assets. This includes the obvious things like bank accounts, real estate, investments and ownership of a business. But nowadays, many estate planning attorneys are asking their clients what they own on the Internet as well. What happens to your online digital assets matters. A …. Read More
When you hear the phrase “offshore account,” it is likely that your mind immediately conjures up a shady character who is trying to conceal “dirty” money from the government. This is a stereotype in movies; but it also happens in real life. However, that stereotype obscures the fact that offshore accounts can be properly used …. Read More
The rock star Prince once sang, “You don’t have to be rich to be my girl.” You also don’t have to be rich to take advantage of a trust when setting up your estate plan. Though many people believe their assets are not valuable or complex enough to justify using a trust, the fact is …. Read More
Fans of the long-running television sitcom “The Simpsons” may recognize the name Sam Simon. He helped create the series in 1989, and though he left the show in 1993, he is still listed as an executive producer at the end of the credit sequence to this day. That producer credit has allowed him to earn …. Read More
Parents who are creating their estate plan may want to keep their children’s age in mind. When the unthinkable happens while the children are still young, trusts exist to oversee the funds and pay the child’s expenses until he or she is old enough to handle it on his or her own. The question is, …. Read More
Most parents have disagreements with their adult children sometimes, but only in a relatively few cases do these disputes develop into a full-blown rift. When a parent no longer feels a connection to a child, he or she may wish to exclude that son or daughter from his or her estate plan. Generally, anyone can …. Read More
Parents of disabled children in Los Angeles face unique challenges that may not end when the kids become adults. Their special needs may make it necessary for their parents to continue their role as primary caretakers after they turn 18. But parents cannot take care of their children forever, which is where special needs trusts come in. …. Read More
