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Trust litigation often follows inappropriate conduct by the trustee. Trust beneficiaries can ask the courts to remove the trustee because of their misconduct. In some cases, they can even ask to hold an individual financially accountable for embezzling or otherwise...
Trustees hold a vital position of responsibility and must act in the best interests of the beneficiaries. However, what happens when this trust is broken, and funds are misappropriated or stolen? An event like this can be incredibly frustrating to you and your family,...
Trusts are created for various reasons, but they all have the same basic structure. Someone (the grantor) places assets into the trust to be managed by a neutral third party (trustee) for the benefit of another (beneficiary). If you are a beneficiary, there may come a...
Inheritance-related disputes can have a lasting impact on everyone involved. This explains why most people create estate plans to make clear their wishes when they are no longer around to speak for themselves. Unfortunately, inheritance disputes are not uncommon. Here...
Many trusts are operating in California, and these are designed to oversee a massive amount of assets in a variety of ways. Trustees are the people who hold legal responsibility for managing trusts. Most trustees manage these trusts with diligence and propriety....
Many California residents include trusts in their estate plans because they give them greater control over how their estates will be administered and allow their assets to be distributed without first going through the probate process. Trusts are flexible estate...
Intentionally defective grantor trusts or IDGTs are used in estate planning to put a hold on specific assets. In effect, it freezes the assets for the purposes of estate tax, but the same does not apply to income tax. If you're working on your estate plan in...
As a resident of California, you may be considering using a trust as part of your estate planning. Trusts can provide many benefits, such as avoiding probate, reducing taxes and protecting assets. However, it's important to understand that trusts are not immune to...
A revocable trust can be an outstanding estate planning tool under the right circumstances for people in California. You remain in control of your estate with a revocable trust, unlike an irrevocable one. There are other advantages and some disadvantages. Advantages...
Many people incorporate trusts into their estate plans. Trusts can be used to provide for your loved ones long after you’ve passed away. Trustees are the people entrusted to manage the trust’s assets, usually on behalf of a beneficiary. It’s not impossible for a...