Category Archives: Living Trust

Trust provisions to protect your children’s inheritance from in-laws

Estate Planning, Family, Living Trust

Just because California is a community property State does not mean that an inheritance here is community property. For a married Californian, property received by gift or inheritance is separate property, not community property. For many parents, that fact alone is enough protection for a child’s inheritance. Perhaps most parents have confidence that their children will do … Continue reading Trust provisions to protect your children’s inheritance from in-laws →

Terminating a trust because it has become unencomical to continue it.

Living Trust, Trust Administration

In California, a trust terminates when any of  the following occurs: The term of the trust expires. The purpose of the trust is fulfilled. The trust purpose becomes unlawful. The trust purpose becomes impossible to fulfill. The trust is revoked. On termination of the trust, the trustee continues to have the powers reasonably necessary under … Continue reading Terminating a trust because it has become unencomical to continue it. →

Who should be successor trustees of your living trust?

Elder Law, Living Trust

In selecting a successor trustee for a living trust, people often gloss over the complications involved and think in terms of such broad generalizations as “manage my estate” and “take care of my beneficiaries.” In reality, a trustee performs very specialized functions. The trustee must prudently invest assets, consider distribution requests, keep accurate records, file … Continue reading Who should be successor trustees of your living trust? →

Trust inheritance provisions to protect your children’s inheritance from in-laws and divorce

Estate Planning, Family, Living Trust

Just because California is a community property State does not mean that an inheritance here is community property. For a married Californian, property received by gift or inheritance is separate property, not community property. For many parents, that fact alone is enough protection. Perhaps most parents have confidence that their children will do the “right thing” with … Continue reading Trust inheritance provisions to protect your children’s inheritance from in-laws and divorce →