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...
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Trust Litigation
Advantages and disadvantages of revocable trusts
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...
When you should remove a trustee in California
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...
Learn more about setting up trusts in California
Trusts are a useful tool when it comes to estate planning, so if you're looking for a way to reduce taxes and ensure that your funds are used in the way you want them to be, you should learn more about them. You might find trusts that are ideal for many people who are...
Multiple reasons could justify a trustee’s removal
A variety of reasons motivate people in California to establish trusts. In order to operate, a trust must have a trustee. This individual or institution oversees asset management and distributions to beneficiaries. The position involves a great deal of legal...
Pick the perfect trust
Trusts are a complex aspect of the estate planning process for many people in California. The person considering a trust must look at the purpose of that trust and where they want their money to eventually go in order to choose the perfect trust. Purpose of trust The...
How to Transfer Real Estate to a Trust
In California, real property generally must be probated once the owner dies. Many people want to avoid the probate process because of the length of time it takes and the legal expenses involved. One way that people can avoid the probate process when they have real...
Can irrevocable trust terms be changed?
Irrevocable trusts are typically recognized in California as long as they are created in accordance with state law. As the name suggests, they generally cannot be changed or revoked after they are executed. However, there are certain circumstances in which this is not...
Resolving a will and trust conflict
California residents are urged to set up a trust to handle the distribution of their assets after they pass. But all too few people are aware that you should also have a will in place. These are two documents that are supplementary to each other rather than mutually...
Understanding misappropriation theory
The playing field for traders needs to be kept as level as possible. This is for the benefit of citizens in California and the rest of the U.S. Any attempt to trade via information that has been received in an illegal fashion should be subject to prosecution. This...