Probate is the legal process of administering the estate of a deceased individual, including validating their will, paying off debts and taxes, and distributing assets to beneficiaries. In California, probate can be a lengthy and costly process, often lasting several...
Trust Administration
The Disadvantages of Paying IRA Through a Trust
Individual Retirement Accounts (IRAs) stand as pillars of financial planning, offering individuals a vehicle to secure their retirement. As individuals explore comprehensive estate planning strategies, the question of whether to include an IRA within a trust often...
Is It a Good Idea to Put an IRA into a Trust?
Individual Retirement Accounts (IRAs) are essential tools for saving for retirement, offering tax advantages and financial security during your golden years. However, when it comes to estate planning, you may be wondering whether putting your IRA into a trust is a...
Does a Revocable Trust Protect Assets from Medi-Cal?
Estate planning is a vital tool, especially when it comes to protecting assets and ensuring one's financial well-being in the face of potential healthcare costs. As individuals consider their long-term care needs and eligibility for government programs like...
What is a Lifetime Beneficiary Trust?
Estate planning can be a complex process. While many people wrongly assume that they only need a will, there are other measures you can take to ensure the welfare of your family and have your assets distributed according to your wishes. As part of your estate planning...
Trust Administration: Providing Trust Accounting to Beneficiaries
When someone passes away and leaves behind their assets in a trust, it is the responsibility of the trustee to follow the terms presented in that trust. However, there are many laws and restrictions that govern the trustee. This results in the fiduciary duty to...
Trust Administration: Developing Good Organizational Skills and Providing Transparency
When it comes to estate planning, a trust provides creators with unique advantages and can help ensure that the creator’s final wishes are carried out how they see fit. While the formation of a trust, as well as overseeing a trust, might sound straightforward, it is...