In the world of trusts, trustees have duties and beneficiaries have rights.What duties do trustees have? If you have been named as a trustee for a trust, then you have many important duties that must be taken seriously, including:The duty to administer the trust...
Month: October 2015
Why you should avoid the DIY approach to estate planning: Part II
In our last post, we began a discussion about the potential problems associated with do-it-yourself estate planning. It may be tempting to save money by filling out free online forms instead of working with an attorney, but as the old saying goes, you usually get what...
Why you should avoid the DIY approach to estate planning: Part I
There are times in life when doing something yourself can save considerable amounts of money. There are other times in which it is necessary and/or smart to seek the help of a professional. Choosing which of these routes to take is often fairly intuitive, but not...
Why do I have to pay sales tax on a used car?
For many people in California, as well as across the nation, purchasing a new car every time their old one breaks down simply isn't something their budgets will allow. It's because of this fact that many people choose instead to purchase used cars that oftentimes come...
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Even a fortune can disappear without sound estate planning
Some figures baffle.Like the speed of light. Like the age and size of the universe. And like estimates pegging the personal fortunes of America's richest families.Consider this imagery relevant to the storied Vanderbilt family for a moment: a pile of money equaling...
Broad, measured thinking out of the box promotes sound estate planning
"You own this." Those words might sound frightening to a would-be California estate planner, but they are actually meant to promote a feeling of empowerment rather than intimidation. It is no secret that legions of...
Remarrying couples unquestionably need to focus on estate planning
Many remarrying California individuals fail to timely consider and update existing estate plans to reflect new realities.Don't be one of them. Many remarrying California individuals fail to timely consider and update existing estate plans to reflect new...
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