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.
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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.
Three Reasons to Avoid Probate Court
Curious about why you’d want to bypass probate court… and how to effectively do so? Consider some tips from estate planning attorney Max Alavi. Get a FREE Consultation Three Reasons to Avoid Probate Court A common misconception about estate planning is that, if you die but you have a will...
3 Key Provisions in Your Financial Power of Attorney
There are several 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 these provisions' advantages and potential risks from living trust attorney Max Alavi. Get a FREE...
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...
Advantages of Marital Deduction Trusts and Bypass Trusts in Minimizing Federal Estate Taxes
There are several estate planning tools that allow one spouse to pass their estate to another, minimizing the estate tax burden upon their death. But which is the better option: A Marital Deduction Trust or a Bypass Trust? Find out from Max Alavi APC, OC Trusts Lawyer. Get a FREE...
Can I Transfer My IRA and Other Tax-Deferred Plans to My Living Trust?
Those with IRAs or similarly tax-deferred plans often wonder whether they should transfer ownership of their plan to a living trust. What are the merits of doing this? And does it typically make more sense to name a spouse, child, or grandchild as the beneficiary of the IRA? In a...
What are Family Limited Partnerships and LLCs?
Families with complex business assets may require advanced estate planning vehicles, including Family Limited Partnerships and Family Limited Liability Companies. What are these estate planning vehicles, though? What benefits do they offer? And how can they be applied? Gain insight from Max Alavi APC, OC Trusts Lawyer. Get a FREE...