Helpful Trust & Probate Blog Articles
Three Reasons to Avoid Probate Court
A common misconception about estate planning is that, if you die but you have a will in place, your assets will automatically be transferred to the appointed heirs and beneficiaries. This isn’t necessarily the case.
What Happens When a Bank Refuses to Accept Your Power of Attorney?
A financial power of attorney authorizes a loved one to manage your finances and to conduct business transactions on your behalf, should you become unable to handle those matters yourself. But what happens when a third party, such as a bank or credit union, refuses to acknowledge a properly executed power of attorney document?
What are the Trustee’s Duties to Provide Notice to the Beneficiaries After the Creator of the Trust Has Passed Away?
When you serve as a trustee, one of your core responsibilities is notifying each heir and beneficiary as to the death of the trust’s creator. Additionally, you must notify each heir and beneficiary when the trust becomes irrevocable (which can happen if the trust’s creator becomes incapacitated).
What Can I Do if the Trustee Won’t Give me a Copy of the Trust?
What happens when a trustee fails in their duty to provide beneficiaries with a copy of the living trust? This scenario happens all too often, but California Probate Court has some provisions in place, allowing beneficiaries to compel the trustee to provide a true and complete copy of the trust. To find out more about this provision, connect with Max Alavi APC, OC Trusts Lawyer.
The Importance of Properly Funding Your Trust
A living trust can be an effective way to transfer assets to your heirs upon your death. However, it’s important to remember that creating trust is merely the first step. It’s equally essential to ensure that the trust is fully funded.
Do I Really Need to Create a Living Trust?
A living trust can be an important estate planning tool, helping you pass along your assets to the intended heirs without the need for the probate courts to intervene. Find out more about the benefits of establishing a living trust, and the reasons to hire an experienced living trust lawyer, in this blog post from Max Alavi APC, OC Trusts Lawyer.