The story starts just like any other. Mom, who had been diagnosed with dementia a couple of years prior, met a man while out on a walk (we’ll call him “Stranger”). Within a couple of weeks, Stranger moved into Mom’s house and professed his love to Mom, and proposed. Mom was a widow and, between…
A Trust Dispute It made headlines when Lisa Marie Presley, daughter of the great Elvis Presley, suddenly passed away on January 12, 2023. However, shortly after that, the headlines quickly shifted to the dispute over who will be handling Lisa Marie’s trust now that she has passed away. In 1993, Lisa Marie established a trust…
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…