Discretionary Trusts vs. Non-Discretionary Trusts

By : | Category : Backpacking, benefits, Dwight Edward Tompkins, estate planning attorney, Orange County, Trustees, Trusts | Comments Off on Discretionary Trusts vs. Non-Discretionary Trusts

10th May 2013

When setting up a trust that will go on after the death of the settlor, there are basically 2 kinds of trusts:  Discretionary and non-discretionary. A Discretionary Trust gives the trustee the discretion to distribute to or pay for the … more

7th May 2013

Selecting the right person to be the trustee or successor trustee is the most important decision in forming a living trust.    It is not by mistake that “trusts” are called “trusts”. I recently was retained by someone whose mother had … more

4th May 2013

The 3 most common irrevocable trusts are: 1.  The Irrevocable Life Insurance Trust, often referred to as an “ILIT”.   This kind of trust is designed to create liquidity for payment of estate taxes, and at the same time taking … more

Selecting The Right Trustee

By : | Category : Family Trusts, Living Trusts, orange county estate planning lawyer, Trustees, Trusts | Comments Off on Selecting The Right Trustee

3rd May 2013

Selecting the right trustee or successor trustee is perhaps the most important decision that the creator of a living trust makes when forming the living trust. It is not by mistake that Trusts are called “trusts”.  The number one qualification … more

Trust Litigation Statutes of Limitation

By : | Category : California, Trustees, Trusts, Video | Comments Off on Trust Litigation Statutes of Limitation

2nd May 2013

Good information about the statute of limitations on lawsuits against trusts in California.  Presented by Attorney Keith A. Davidson.

17th Dec 2011

Presented by Orange County Estate Planning Attorney, Dwight Edward Tompkins. CaliforniaFamilyTrusts.com  .  This blog is intended is intended for informational purposes only and is not intended as a substitute for legal advice by a qualified attorney in your jurisdiction.

10 PHONE CALLS TO MAKE AFTER THE DEATH OF A LOVED ONE

By : | Category : Attorneys, banks, Beneficiaries, Estate Planning, Family Trusts, IRAs, Orange County, Retirement, Trustees | Comments Off on 10 PHONE CALLS TO MAKE AFTER THE DEATH OF A LOVED ONE

20th Apr 2011

When a family member passes away, there are several phone calls to make.  In each case, follow-up calls, meetings, and paperwork will probably be required. Also, the order of the calls may be different depending on the circumstances; however, the … more

4th Aug 2010

An incapacitated person is deemed to lack legal ability to act; i.e., make legal decisions, sign documents, enter into agreements, etc. There are 3 principal ways to protect yourself in the event of incapacity.  The 3 protections are to execute … more

ESTATE PLANNING BASICS

By : | Category : Assets, Estate Planning, Family Trusts, Legal Advice, Living Trusts, Real Estate, Trustees, Trusts | Comments Off on ESTATE PLANNING BASICS

16th Jun 2010

VIDEO:   ESTATE PLANNING BASICS:  Everything you need to know about FAMILY TRUSTS and Estate Planning.