Decanting a fancy bottle of wine may be familiar to most people, but there is a new type of decanting: trust decanting. The Uniform Trust Decanting Act was enacted in California on September 14th. Trust decanting is a method in which a trustee may distribute trust assets from an old irrevocable trust into a new… Read more »
Posts Categorized: Trusts
4 Common Mistakes People Make AFTER Signing Their Living Trust
Every estate plan has unique features, but after preparing living trusts and wills for the nearly thirty years, we have seen the same problems and mistakes often reoccur. Each of these common mistakes is avoidable as long as you take the care to make sure you been address them correctly. From wills to trusts and… Read more »
California Companion Animal Trusts
A pet trust is a legally sanctioned arrangement providing for the care and maintenance of one or more companion pets in the event of a grantor’s disability or death. The “grantor” (also called a settlor or trustor in some states) is the person who creates the trust, which may take effect during a person’s lifetime… Read more »