What is Trust Administration? Trust administration refers to the process of managing assets in accordance with the instructions outlined in a trust document, and it typically does not involve court intervention. The individual or entity responsible for managing the trust’s assets ensures they are distributed to beneficiaries as directed by
Estate planning involves several core components, each playing a role in safeguarding your assets and ensuring your wishes are honored. These components include: Pour-Over Will: This will transfers any assets not already placed in a trust to that trust after death, except for real estate. Real estate must be deeded
One of the most common issues I encounter involves blended families or same-sex relationships. Each of these situations requires careful and customized drafting to ensure that the trustor’s true intentions are accurately implemented and protected from being undermined by later actions. In a blended family, for example, it’s crucial to
The decision between opting for a will or a trust largely depends on several key factors. Wills are typically a good choice for individuals with simpler estates, straightforward family situations, and modest assets. They are more cost-effective to create initially and require minimal ongoing maintenance. Wills are especially suitable for
As we enter the new year, it’s an ideal time to reflect on important matters such as estate planning. For individuals and families, this practice ensures that their legacy is secured, and that their loved ones are provided for. Whether you’re starting from scratch or revisiting your existing plan, the
Life is constantly changing—make sure your estate plan keeps up! Keeping your estate plan updated is important, especially after big life changes. Getting married, having a baby, getting divorced, or moving can all impact your plan. A changing estate plan Auburn, CA attorney can help ensure your wishes are followed,
Secure Your Legacy: Your Guide to Choosing Between Wills and Trusts in California Imagine a future where your family’s security is secure, your assets are transferred smoothly to those you love, and unnecessary disputes are prevented. However, how may one attain this peace of mind? In Auburn, California, families frequently
Who gets what when there’s no will in California? What happens to your belongings when you’re gone? It’s not something most people like to think about, but planning ahead can save your loved ones from unnecessary stress and legal battles. If you live in California and pass away without a
Unpacking the Myths and Facts of Estate Taxes in California When you’re planning your will in California, you may be wondering what estate taxes you need to know about. It can be a very difficult topic to handle alone. Fortunately, working with an Auburn, California estate planning lawyer can help
Avoid Leaving Your Estate to Chance: How a Will Can Help You Dying without a will in California might not be much of a thought for most people. However, it can lead to significant complications for your loved ones. A will or testament is a legal document that solidifies the
Copyright © 2023 BottomLine Lawyers PC. Powered by Advantage Attorney Marketing & Cloud Solutions
