What Are Trustee Accounting Requirements?

When you create a trust, one of the role you’ll name is that of trustee. With a revocable trust, you’re likely the trustee. But you’ll name a successor trustee who will be responsible for managing trust assets if something happens to you. If you create an irrevocable trust, another person should serve as the trustee… Read More »

October Is Home National Estate Planning Awareness Week

The third week of October is national Estate Planning Awareness Week, which means that this is your opportunity to sit down and address those neglected plans or those plans that you may not have created at all. The support of an experienced estate planning lawyer is strongly recommended in these circumstances so that you know… Read More »

What Is a Trustee’s Role in Making Property Productive?

When you create a revocable trust, you are likely the trustee for the property placed inside so long as you are alive and capable of managing it. But if you pass away or if you create an irrevocable trust, you’ll want the help of a dedicated Pasadena estate planning lawyer to help you name the… Read More »

What Is a Fiduciary?

Are you starting to create your estate plan? If so, you’re likely to come across several terms that reference various roles associated with asset or trust management. The term fiduciary refers to the relationship of trust placed in a person who is serving in a specific role. A fiduciary relationship is one responsible for managing… Read More »

Understanding the Trustee’s Duty to Segregate Assets

A trustee should be someone who is organized, honest, and capable of communicating effectively with your beneficiaries. In addition to follow the rules you’ve put forward in your trust, you also want a professional person who is mindful of the relevant laws and requirements of trust management. There are numerous fiduciary duties that impact a… Read More »

Do I Need a Will If I Already Have a Trust?

The creation of a trust is a powerful and strategic estate planning tool, but it shouldn’t be the only thing you consider in protecting your assets and providing for your future. You might be tempted to cross “estate planning” off your to do list once you’ve created a trust, but remember that you’ll need a… Read More »

Who Can Be a Life Insurance Beneficiary?

Although often thought of as distinct from your overall estate planning, a life insurance policy probably factors into the big picture. Leaving behind assets directly or through tools such as a trust is optional and beneficial for you when you already own those assets. But what if you do not have enough assets set aside… Read More »