Trusts
Understanding the process of applying for legal guardianship for adults with disabilities can get complicated. To help, we’ve broken down what guardianship is and how to appoint one. What is Guardianship? Guardianship is the legal authority to make decisions for an adult who is incapable of doing so themselves. It means taking care of the […]
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Can a trustee be a beneficiary? Simply put, a trustee can also be a beneficiary of a trust. However, there are several nuances you’ll need to know about how and when you should appoint one of your beneficiaries as the trustee. Read on for everything you need to know about the benefits and problems that […]
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A trust is a legal document, so there are rules around how and when it can be altered. Trustees are given authority over managing and administrating assets outlines in the trust. But, there are legal and fiduciary responsibilities to which a trustee must adhere. Whether you’re a grantor, a trustee, or a beneficiary, you’ll need […]
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There are situations when appointing two trustees for a will can be beneficial for your estate plan. However, this is not always the case. It’s important to know when, and when not, to appoint two or more trustees when creating a will. What Does a Co-Trustee Do? A trustee is established as the manager of […]
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“You can’t take it with you when you go.” This popular phrase takes on a whole new meaning when you are leaving assets to beneficiaries or when you’ve been designated as a beneficiary to a will or trust. These assets may be valuable heirlooms, sentimental trinkets, or substantial wealth, but in any case, it’s important […]
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When you are the beneficiary of an estate, it is preferable to handle affairs and the distribution of assets quickly so as not to drag out the process. Having a trust in place is one way to do this because sometimes a will can get caught up in probate court for lengthy periods of time. […]
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Losing a loved one is one of life’s biggest challenges. This challenge can be made even more difficult when it brings about family discord. Unfortunately, finances and assets can cause family members to lean into rivalries and resentment when they feel they’ve been treated unfairly. This typically plays out in the form of a trust […]
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It is important to create an estate plan to assure that your assets will be managed the way you want them to be, both during your lifetime and once you have passed. The most common end-of-life preparation is the will. However, wills can be contested and typically go through probate. Another way that people can […]
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Are you a beneficiary expecting to receive an asset distribution? Are you wondering how long you can expect it to take the trustee to administer distributions? Or are you a trustee tasked with distributing trust assets? This article will serve to provide you with valuable information. Let’s look at a trustee’s role, the distribution of […]
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Whether you have recently lost a loved one or you are working on setting up your estate plan, you may be wondering about the probate process. Is it always required in California? How can you avoid it? These are valid questions which first require a look at the probate process and the state laws surrounding […]
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