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
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
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.
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
16th Jun 2010
VIDEO: ESTATE PLANNING BASICS: Everything you need to know about FAMILY TRUSTS and Estate Planning.