Trusts

Trusts can be effective estate planning devices for transferring assets, avoiding probate and reducing estate tax obligations. If, however, trusts are not properly set up and maintained during a trustmaker’s lifetime, costly mistakes can happen, potentially negating any benefits associated with having the trust. To help people avoid these pitfalls, the following reveals some of … Read more

When you are ready to develop a living trust, taking some time to do the following can ensure that you cover all of your bases and devise an effective trust for certain assets, needs, and wishes. Step 1: Inventory your assets – Create a formal list of all of your major assets, including assets like … Read more

When it’s time to develop an estate plan, you have some options as to the tools you want to put in place. In some cases, developing a living trust can be extremely beneficial, as it can offer greater protection for both your loved ones and the assets you want them to inherit. Benefits of Livings … Read more

Concluding our blog series California Trustee Duties: Here’s What You Should Know, below, we will point out some final important things to be aware of when it comes to serving as a trustee in California. California Trustee Duties: Resolving Disputes During the course of administering a trust, should any disputes or issues arise regarding the … Read more

Resuming California Trustee Duties: Here’s What You Should Know (Pt. 1), here, we will continue highlighting some of the primary responsibilities that trustees have when administering trusts in California. California Trustee Duties: Managing the Assets of the Trust When it comes to overseeing the assets of a trust, the terms of the trust should detail: … Read more