If you’re like a lot of people in the San Diego area, then you’re concerned about what will come of your assets when you’re gone. Sure, you’re probably excited about the prospect of leaving financial resources for your loved ones to enjoy, taking comfort in the fact...
lauren.king@thomsonreuters.com
Signs of trustee abuse in estate planning
When it comes to estate planning and trusts, a trustee must subscribe to duties of care and loyalty always looking out for the assets within the trust and its beneficiaries. A trustee must avoid acts that would prove harmful to beneficiaries while not promoting his or...
What are the benefits and disadvantages of a trust?
If you have done any research on estate planning, you may have noticed that there are a lot of options for distributing property after death, each with their own pros and cons. Trusts are one of the best tools available to San Diego residents who are beginning the...
What is the best way to select a business form?
Selecting a business structure is an important first step in forming a new business. For that reason, new business owners should know how to evaluate different business forms to make the best decision for them and for their business. Cost and operation Setting up a...
Larry King’s handwritten will causes dispute
Even if someone passes away with a will in place, a dispute can still arise between surviving beneficiaries regarding the decedent’s estate. Talk-show host Larry King recently passed away and left behind a handwritten will written in October 2019 stating that he...
Decades-old estate agreement now subjected to litigation
While most estates are settled fairly quickly and without incident, large estates can easily become the subject of controversy and litigation – particularly when the estate’s original owner died tragically. A recent example is litigation surrounding the estate of...
Tips to Prevent Family Conflict Over Estate
Every family has experienced its share of arguments and disagreements. However, some family members may constantly be at odds with one another. While volatile situations at family gatherings can be dealt with, things can become a lot messier when family members start...
Determining if a trust is right for your estate plan
As any California resident can attest, it is important to have an estate plan in place. Now, more than ever, it is essential to consider what will occur if one passes on or is deemed incapacitated, as it feels like it is something that can no longer be overlooked no...
What is testamentary capacity?
A will allows people to make important decisions about their property and their legacy, but in order to do so they must have what is called testamentary capacity. If that capacity is in question, a will may not reflect your loved one’s true wishes. What is...
What is the benefit of a special needs trust?
Parents of special needs children often take steps to ensure that their young ones receive various forms of care. Unfortunately, a parent cannot expect to be around forever. Parents or guardians in California may worry about their mortality and their children's'...
