Knowledgeable Advocacy For All Aspects Of Estate Administration, Trusts And Conservatorship Matters
You will likely hear a lot about trusts when creating an estate plan. Trusts are an excellent addition to any estate plan as they give you flexibility and allow some or all of your estate to bypass probate. The two main types of trusts are revocable and irrevocable,...
Establishing a trust for your children can be one of the most impactful decisions you make in securing their future. They can not only safeguard your assets but also ensure that your young children have financial stability and guidance long after you are gone. Here...
Are you creating trusts to hold your young beneficiaries’ inheritance until they’re ready for the financial responsibility? If so, you want to select trustworthy trustees who you can be sure will look out for your beneficiaries’ best interests. Selecting the wrong...
There are several options available for you to set your estate plan up so your loved ones are cared for when you pass away. While you probably know about writing a will, you should also consider trusts. There are two types of trusts – irrevocable and revocable. An...
Trusts are usually straightforward. The settlor creates the trust, the trustee manages and administers it, and the beneficiary receives their share. However, confusion may arise if creditors appear and demand payments from the trust. Fiduciaries and beneficiaries must...
In the event of your incapacitation or death, you would prefer to have your affairs in order. A comprehensive estate planning process ensures that your wishes regarding seamless management and distribution of your wealth among your rightful survivors are honored. It...
When you hear about charitable trusts, you might initially think this tool is about donating to a charitable organization with no returns. But there is more to a charitable trust than you think. A trustor can still benefit, directly or indirectly, from a charitable...
Establishing a trust is one of the ways you can approach estate planning. The owner of the trust is the grantor, and they appoint a trustee. A trustee can be a family member or close friend but consider hiring a professional or an organization with no personal stake...
Estate planning could involve many steps, such as drawing up power of attorney documents and writing a will. There are other matters that California residents may consider, including designing a trust. The planner could choose a revocable or irrevocable trust. Knowing...
Irrevocable living trusts are a popular asset protection tool in California and throughout the United States. They allow individuals to transfer ownership of their assets to a trust, which is then managed by a designated trustee. This can provide numerous benefits,...