What can you do when your deceased loved one’s trust administrator does not fulfill his or her duties? Can trustees in California be relieved of their trust administration duties? Having problems with a trustee is a classic example highlighting how critical it is to...
Month: February 2021
Repairing a broken trust that has outgrown its usefulness
A trust can be a very valuable part of an estate plan. The control it gives you goes well beyond what you would get with a will. You can really make decisions about exactly how your assets can be used. For instance, a common example is leaving money to a young heir...
Check that a power of attorney is not abusing their position
People are often surprised when they find out that victims of abuse typically know their abuser. Usually, this is mentioned in terms of violence or sexual abuse. However, it is just as relevant to financial abuse. When someone is awarded power of attorney for someone...
What to consider when planning for retirement
When planning for retirement, there are several things to consider, not least what you will do with yourself. Too many people work and save hard all their life in preparation for their retirement. Yet they then get ill and die within a few years without ever having...
Do not leave it until it’s too late to tell your family of an estate plan
According to a recent report by Wells Fargo, 65% of the people surveyed had not talked about their will or estate plan to their families. What makes that figure more shocking is those they surveyed were all investors. They should be more financially aware than most....