Your living trust can provide that, after your death, wealth remains in trust for your child (or other intended beneficiary) to help with designated purposes. Well known examples of such purposes are health and education. But another purpose is help with buying a house. For example, your trust could provide that, after your death, the trustee may … Continue reading Helping Your Beneficiary Buy a Home: Trust Provisions
Even though California is a community property state, it does not mean that an inheritance received here is community property. For a married Californian, property received by gift or inheritance is separate property, not community property. For many parents, that fact alone is enough protection for a child’s inheritance. Perhaps most parents have confidence that their children … Continue reading Protecting Your Beneficiary’s Inheritance from the Spouse
Elder Law encompasses counseling, planning, and document preparation for the following: Who will be your legal health care advocate if you cannot speak for yourself? What are your wishes for the type of care you do and do not want? Who will manage your financial affairs if you are incapacitated — and what rules do … Continue reading What is “Elder Law” anyway?
People are often invested deeply in their charitable causes. Some give their money. Some donate their time. Some share their talent. To them, their charitable causes are an important part of who they are. It is important for such clients to discuss with their attorney whether they want that legacy to continue in their estate plan … Continue reading Include Your Charitable Causes in Your Estate Plan
In California, a trust terminates when any of the following occurs: The term of the trust expires. The purpose of the trust is fulfilled. The trust purpose becomes unlawful. The trust purpose becomes impossible to fulfill. The trust is revoked. On termination of the trust, the trustee continues to have the powers reasonably necessary under the … Continue reading Terminating a Trust Because it Has Become Uneconomical to Continue