Unfortunately, some trustees fail to comply to inform. This leaves beneficiaries in the dark about their trust. The reasons for this failure to communicate vary. Some trustees fail to understand their duties.
Category Archives: Uncategorized
05
Aug
Aug
n willing (and able) to do what you are asking of them. A complete estate plan includes not only a first choice, but two backups for each of these positions.
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Jun
Jun
About 80 percent of Americans carry some type of debt. This includes credit cards and student loans as well as mortgage debt and personal loans.
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Jun
Jun
The National Association of Home Builders reports that people owned 7.5 million second homes in 2018. This makes up 5.5 percent of the total number of homes. Such vacation property must be planned for, managed, and maintained. What’s more, they birth happy memories for their owners. Consider these estate planning questions to protect your place […]
Adoption Law, Estate Planning, Life Changes, Trusts, Uncategorized
Springing Financial POA (Powers of Attorney)
25
Feb
Feb
After a Financial POA springs, the person nominated to handle your affairs may do what you would have otherwise done sans incapacitation.
18
Feb
Feb
A key lesson is that no one knows when they will pass away. Even someone as important and well-versed in the law as Abraham Lincoln was caught unprepared for his untimely demise, sadly leaving others to guess what his wishes would have been with respect to his property.
11
Feb
Feb
The reasons a trust-maker creates a trust emerge as important. However, your intent or purpose for creating a trust imparts legal ramifications. Therefore, a trust-maker must express (in writing) their intent or purpose for creating the trust.
California Law, Estate Attorney, Estate Planning, Trustee, Trusts, Uncategorized
More About a Common Trust
04
Feb
Feb
The trust created often leaves instructions to the trustee. In these, they note that older children earn an advancement from the common trust. They use this to pay for expenses such as buying a home or starting a business.
26
Nov
Nov
The court assigns assets, such as retirement accounts and insurance proceeds, to a designated beneficiary. So, in this role, they receive different treatment and more protection from creditors.
12
Nov
Nov
Since you spend your time rescuing other people, you may find it difficult to imagine a time when you might need help or rescue.