The role of a trust protector is basically what the term states -- to protect the trust. Trust protectors became popular in the 1990s as offshore trusts boomed. However, now it's considered wise for just about anyone who sets up a trust to have one. For example, say...
We are your Southern California partner in estate administration and estate protection.
Month: May 2018
You can detail your end-of-life care wishes in your estate plan
Shortly before her death this year, former First Lady Barbara Bush exercised her wishes for how she would spend whatever time she had left. In a public statement, Mrs. Bush, who had been suffering from pulmonary disease and congestive heart failure, said that she...
Putting your parent in a nursing home: Tips and advice
Like most, you do your best to provide your elderly parent (or parents) with the at-home care they need. With this approach, you hope that he or she will be able to remain in his or her home for as long as possible. There could come a time when you have no choice but...
Why you need a California Advance Health Care Directive
A thorough estate plan shouldn't just reflect your wishes for what happens after you die. It should also include directions to those caring for you if you become so ill or incapacitated that you can't speak for yourself. That's why an advanced medical directive should...
What can happen if you die with no will and no family?
Would you want local government employees deciding what happens to your belongings and even your body after you die? Virtually no one would. However, that can happen when people die without any type of estate plan in place and no relatives to be found. Los Angeles and...
Am I entitled to proceeds from the estate regardless of the will?
When a loved one dies, it can be confusing and stressful to find out that they did not mention you in their will. As a close family member, e.g., a spouse or a child, you may qualify as an heir-at-law. This means that you may be able to inherit from their estate even...
Is a spendthrift trust a good choice for your child?
You and your spouse have worked hard all of your lives. You've given your kids everything they could have wanted and more. Unfortunately, because they've been so fortunate, they haven't learned how to properly handle money. Saving hasn't been a priority for them, nor...