McCoy Fatula, APCMcCoy
Fatula
Located in Roseville, CA
916-945-2780

Posts tagged "trust administration"

Top Five Reasons for Revising an Estate Plan

Suppose you actually have an estate plan in place. This already puts you ahead of the game, as you are in the minority amongst most Americans. According to a recently released survey, 51 percent of Americans between the ages of 55 to 64 do not even have a will. However, even if you did get that will or trust in place ten, four or even two years ago, this does not mean estate planning is finished for you. It is very important to maintain and revise your estate plan after certain life events.

Why Young Professionals Shouldn't Neglect Estate Planning

Millennials and young professionals are more wealth management savvy than people may think. According to Wealthfront, an investment management group, millennials (roughly all young people born in the 1980s) have control over an estimated $2 billion in liquid assets. While television, film and the media may portray millennials as college grads living in their parent's basements, this is far from the truth for many young professionals.

The Basic Types of Charitable Trusts

Being able to give back to your community may be one of your estate planning goals and it is a commendable one. If you are looking for a legal instrument to help with charitable giving even when you are gone, a trust could provide that avenue for you. In California, charitable trusts and other types of charitable entities are governed under CA Code Sections 12580-12599.8. There are two basic types of charitable trusts.

Trust Administration and What an Attorney Can Do for You

You may have been given the role of "trustee" over someone else's trust. As the trustee, you are responsible for properly administrating the trust. This creates a legal duty called a "fiduciary duty." As the trustee it is very important that you administer the trust in a way that is in the best interests of any beneficiaries. If you do not meet this duty there are potential legal ramifications, such as a beneficiary suing you for improper administration and seeking damages. Hiring an experienced attorney can help to avoid such headaches and consequences.

Email For A Response

Contact Our Attorneys Now

Please complete the following form to email our office directly.
We will respond to your inquiry promptly.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy