Assignments, Disclaimers and Powers of Appointment

          Assignments, Disclaimers and Powers of Appointment can alter the distribution of a decedent’s estate.               First what is and who can make an assignment? A person who has a vested — legally enforceable — interest in a decedent’s estate can “assign” – i.e., transfer – part or all of their interest to another. […]

posted on: April 18, 2019

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Commonplace Estate Planning Misconceptions

          Some misconceptions regarding estate planning repeat themselves frequently enough to merit discussion because they are commonplace.            One misconception is that trust documents are filed with the County.  False.  Only trust transfer deeds transferring real property into the name of the trustee are filed with the County Recorder.  Nor are trusts are filed with […]

posted on: March 27, 2019

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The Effects of Lifetime Gifts, Loans, and Sales on Inheritance Rights.

            Lifetime events relating to a person’s assets and family situation can materially affect how their estate is distributed when they die.              Consider lifetime gifts and loans by a parent to a child.  A person’s trust or will may say that lifetime gifts and/or unpaid loans to a child shall be counted as advances […]

posted on: March 14, 2019

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What Do I receive and When Do I receive it?

            Two immediate questions that trust beneficiaries want answered are what do I receive, and when do I receive it.  For answers we look first to the trust.             Trusts typically provide that most, if not all, of the trust estate – i.e., all the trust assets – shall be divided into separate shares for […]

posted on: February 28, 2019

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Protecting the Surviving Spouse and Minor Children in Second Marriages

          In second marriages, how a person provides for his or her surviving spouse (or registered domestic partner) and/or surviving minor children often involves balancing their concern for the needs and expectations of their second family with their concern for the needs and expectations of any children from a prior relationship.            Unfortunately, the children […]

posted on: February 7, 2019

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Failed Testamentary Transfers

          When possible, California law prefers to avoid intestacy – that is, where all or a portion of a decedent’s estate goes to the decedent’s surviving heirs, and not to beneficiaries named under the decedent’s will or trust.  What happens then when gifts made in a testamentary instrument, such as a will or a trust, […]

posted on: January 22, 2019

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Gifts to Former Stepchildren

          In second marriages, it is common to find gifts to stepchildren, especially when the stepparent raised the stepchild during their minority and/or the stepparent has no other children of their own.  It is much less common, however, to find the parents of the stepparent naming the same stepchild as an alternative beneficiary to their […]

posted on: January 9, 2019

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Integrating Various Parts of Estate Planning.

          Estate planning requires an integrated approach to ensure that different parts work together.  The Revocable Living Trust, Will, Power of Attorney, and Advance Health Care Directive should be written in consideration of how they will function together in overlapping situations.           The Living Trust, the centerpiece of most estate planning, and the Power of […]

posted on: December 31, 2018

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No Notice of Decedent’s Estate Administration

How can my dad have died and his estate been transferred to another relative without my being told anything?  That was the question, in a nutshell, that a client asked because she was not getting any answers from the relative in question. My initial suspicion was that something was wrong.  Notice to a decedent’s heirs […]

posted on: December 12, 2018

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Conditional Gifts & Testamentary Intent

Bequests (gifts) in a Will or a Trust can require a beneficiary to meet a “condition precedent” in order to receive the bequest. Only if the condition is met does the beneficiary’s interest vest. Must a condition precedent always be satisfied? If a requirement becomes impossible to fulfill, a beneficiary may sometimes still inherit if […]

posted on: November 27, 2018

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