Before someone can get the benefit of a statute, one needs to be listed or described in some way as a beneficiary of the law in order to take advantage of it. One law, California Probate Code Section 850(a)(1), can cover a number of interested parties, including, depending on the circumstances, a guardian, conservator or …
Marriage related agreements give spouses some certainly concerning the division of property if the two divorce later on. They are similar to a will and could impact your estate planning. While state law provides how your property will be divided if you die without a will, state law will also spell out how your property …
A no contest clause in a trust discourages a beneficiary from challenging it, normally by threatening the forfeiture of the distribution if a challenge is made. These clauses are enforceable in limited circumstances. Depending on the circumstances the clause may or may not be a strong deterrence to future legal action by a beneficiary. California …
Limiting Challenges to a Trust in Limited Circumstances Read More »
Generally those fees come from the property and resources in the will or trust, not out of the pockets of the people named to be responsible for those assets and how they are spent. Following the death of a person who created a will, the person named in the will as an executor (male) or …
Who Pays the Fees in Trust and Estate Litigation? Read More »
With over 10,000 Americans turning 55 daily, estate planning is something that should be on the minds of many as they age. As the population ages, Alzheimer’s and dementia is devastating elderly Americans. While estate planning in general is important, estate planning while younger is very important because of the ability to not only plan …
Early Estate Planning Tips Before You Turn 55 Years Old Read More »
As of January 1, 2014, the California Legislature updated Probate Code Section 86 and changed the definition of “undue influence” and how it operates, especially when dealing with the elderly population. In this article I will be discussing what the change to the law is, how it operates, and how undue influence may operate under …
Changes to “Undue Influence” in the California Probate Code Read More »
One of the many benefits that proper estate planning provides someone is the ability to avoid costly litigation, which sucks up resources that could have been retained if planning was properly done. An area where this occurs often is in the world of durable powers of attorney and conservatorships for individuals suffering from dementia or …
When examining different investment options, a point of consideration for any potential investment are the tax benefits of the investment. In this post I will be examining the tax benefits of three common investment options that many take advantage of; 401(k) plans, Roth IRA plans, and Health Savings Accounts. Tax Benefits of 401(k), Roth IRA …
401(k), Roth IRA & Health Savings Accounts Tax Benefits Read More »
One of the biggest responsibilities in life that one can take on for a friend or loved one is to volunteer to be the administrator for a trust. Unfortunately, many people who take on this responsibility do not understand the need to be prompt and timely in administering the trust. It is important to properly …
Importance of Proper and Timely Trust Administration Read More »
Many people who have small and medium-sized estates are often lax in their estate planning strategies. While those in smaller estates do not live under the same threat of massive estate and gift tax concerns that those with large estates deal with, proper estate planning not only can save an estate a substantial amount of …
W. Todd Stevenson
15250 Ventura Blvd., Suite 1102 Sherman Oaks, CA 91403
Hannah G. Elisha
356 Redondo Ave
Long Beach, CA 90814
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