It has only been a couple of years since California joined the majority of states that have adopted the Uniform Directed Trust Act – a model that states can incorporate into their laws. The California Uniform Directed Trust Act (CUDTA) allows those who set up trusts...
Large and complex trusts – and even smaller ones – can have multiple beneficiaries who may be scattered across the country or even the world. Some may be minors or not even born yet. Even family trusts can have dozens of trustees of all ages and with varying degrees...
When you achieve a reasonable amount of success in life and want to give back to your community in California, you need the right strategy for your estate plan. Choosing the correct charitable remainder trust is essential for balancing your personal financial security...
Remarrying after a divorce or the death of a spouse is a choice that often inspires a need for additional estate planning. Not only do people need to consider what support their spouses may require, but they also need to think about their children from a prior...
Over the years, there have been negative repercussions associated with spendthrift trusts. Typically, the most common issue is that beneficiaries resent the restrictions on their disbursements. They come to view it as a type of dead-hand control. Read on to learn...
If you own valuable real estate in California, protecting it for your family often becomes more urgent as you age. Property values rise. Laws change. Health concerns can appear without warning. Trust planning can help you keep control and prepare for what comes next...
You may want to put assets into a trust as part of your estate plan. This can give you some control over how those assets are used in the future. For instance, you could set aside money to pay for a beneficiary’s college education. However, you may be worried about...
Trusts can be used for a multitude of purposes. Some people use them to reduce the total value of their estate. Others use trusts to leave an inheritance to a beneficiary for a specific purpose, such as funding a college education. With a special needs trust, the goal...
You can’t always know what will happen to your assets after you pass away. However, you can have some control over who inherits from your estate. Protecting your legacy from being mismanaged or wasted may require an incentive trust. An incentive trust is a legal...
Some people support charitable causes, and they may decide that they want to provide a final bit of financial support once they die. This can be done through a charitable trust, but you’ll have to decide what type of charitable trust to use if you want to do this. ...