Funding your trust is one of the single best things you can do to spare your beneficiaries from the probate court. Find out more about what it means to fund a trust, which items to include, and which items to leave out. Seek insight from Max Alavi APC, OC Trusts...
Category: Estate Planning
Wills vs. Trusts: In Plain English
emember that wills, by contrast, are considered to be death documents...(but)living trusts lets you make changes or even dissolve the trust during your lifetime
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. I
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 to appoint someone to serve as your successor, taking over the administration of the trust after you pass away. Given the weighty responsibilities of managing a trust, this is not a duty to be taken lightly.
What Happens When a Bank Refuses to
Accept Your Power of Attorney?
o succeed in a case against a bank, of course, you’ll need to match their resources and legal expertise.
3 Key Provisions in Your Financial Power of Attorney
There are a number of important provisions to include in your financial power of attorney, including: The power to gift.The power to amend an estate plan.The power to prosecute and defend legal actions. Learn about the advantages and potential risks of these provisions from living trust attorney Max Alavi. 3...
Is Your Estate Plan Complete?
Statistics show that roughly two thirds of Americans do not have an estate plan in place. Even if you’re in the minority of people who do have an estate plan, it’s possible that your estate plan lacks critical components. It’s crucial to review your estate plan regularly, updating and revising...