When a loved one passes away, the successor trustee distributes the assets according to the decedent’s last wish. During that time, emotions are high, and things can become contentious and potentially lead to a lawsuit. This can happen even if the trustee is doing everything right. Transparency is a way to reduce the stress for…
So, you’ve found yourself in the position of trustee and are managing your loved one’s estate while they are still alive. What are your duties to account to the eventual beneficiaries of your loved one’s estate? And what if your loved one is incompetent, thus the reason you are now overseeing their estate? Beneficiaries Left…
How to Manage Your Photos, Data & Social Media Accounts After You Die Thinking about your “digital legacy” may seem strange but given the amount of data and content we all use and create (think about all your phone’s pictures, iCloud backups, texts, social media accounts, and Apps like Venmo and Starbucks), it is something…
A few weeks ago, the Rams won a Super Bowl for the first time since they have called Los Angeles “Home”. One of their stars, Odell Beckham Jr. (“OBJ”), signed a one-year contract prior to this season to play wide receiver for the Rams. For better or for worse, OBJ decided to convert his base…
Just got remarried? Time to update the estate plan! Just had a baby? Time to update the estate plan! Remembering to update your estate planning documents, (your will and trust), may not be top of mind after every life changing event. These milestone moments take up time, emotions, and let’s face it, valuable sleep, so…
“My father died, and I am named as successor trustee. Now what do I do?” Most people have had little to no experience administering a trust and typically have many questions as to where to even begin with the administration of the trust. The goal of this article is to help provide a general overview…
Just by virtue of the name, “irrevocable” living trust, one would assume this is something that cannot be revoked, changed, or terminated. In fact, if you are the person who created the trust, you should consider the terms of an irrevocable living trust to be set in stone; a benefit which has provided much needed…
“Hi Grandma, it’s me. I am in a bit of a bind and need you to send me money immediately please.” “We are contacting you because you have the same name as the deceased who had an overseas investment worth $1.1M, which you now stand to inherit. There is a processing fee to obtain your…