Trust and Estate Planning Articles

Leave a Lasting Legacy
Trustee’s Duty To Account During Trustor’s Incapacity

Trustee’s Duty To Account During Trustor’s Incapacity

While you are alive and well, in most cases you will act as the trustee of your own trust.  If you become incapacitated during your lifetime, your designated successor trustee will step in to manage the trust on your behalf.  Prior to 2023, California law provided that your successor trustee was...

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New Disclosures for Entities

New Disclosures for Entities

In estate planning, family entities, like limited liability companies and limited partnerships, are used to facilitate asset management and succession within the family.  The Corporate Transparency Act (“CTA”), a set of new Federal disclosure rules that went into effect on January 1, 2024, imposes...

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End of Life Decisions – What Are All These Documents?

End of Life Decisions – What Are All These Documents?

Between the bright pink form doctors provide their patients with and the obsolete reference to a “living will” we often hear, many of our clients are rightfully confused about the different documents that govern in medical emergencies or end-of-life decisions.  We hope the following overview will...

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2024 Estate & Gift Tax Changes

2024 Estate & Gift Tax Changes

On the estate planning front, 2023 wound down fairly quietly. However, we anticipate a busy 2024, and an even busier 2025, as the massive estate tax changes come closer to reality. Before we discuss this, here is an overview of the 2024 inflation-adjusted federal gift and estate tax exemptions:...

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