Can you sue a trustee?
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. Unfortunately, some trustees either make errors or are acting with deliberate malfeasance, and […]
Are trusts valid in all states?
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 planning documents that can reduce estate taxes and protect privacy, and they are recognized as […]
How to use an intentionally defective grantor trust
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 California, this may be a worthwhile option for […]
Is it possible to sue a trust or a trustee?
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 legal challenges. In some cases, you or others may be able to […]
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 necessarily the case. Trust assets are sold or allowed to lapse If […]
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 trustee to also be the beneficiary of the trust — but […]
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 interested […]
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 responsibility. Shortcomings in a trustee’s performance or conflicts with beneficiaries could lead to cause to […]
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 first decision to make when considering the […]
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 applies with special force to nonpublic information […]