Trusts Archives

Trusts are a must for California complex estates


People in California have a lot of uncertainty about the future, especially when unpredictable natural disasters strike. When tragic and scary events happen, it is human nature for people to feel helpless and fragile in their own mortality. When confronting these very difficult issues, some people may take solace in the fact that their legacy, including the financial well-being of their loved ones, is well planned. We cannot predict or avoid certain tragedies, but we can control what happens to our possessions, our loved ones and our own bodies, in the event of an incapacitating injury.

Robin Williams left financial support for his children


People were stunned and saddened to hear about the death of one of the world's most innovative comedic minds earlier this month. Robin Williams' suicide was completely unexpected to most people, even those who knew him best. His family, friends and fans will mourn the loss for years to come, but even in light of this tragedy people can add "good family provider" to the list of things for which Williams will be remembered.

Trust funds don't necessarily lead to spoiled kids


People in California may have heard that the late actor Philip Seymour Hoffman declined to set up any trusts for his three children, saying he didn't want them to be "trust fund kids." Recently, the musician Sting said essentially the same thing. With this recent negative celebrity press for trusts, it might appear to a casual onlooker that wanting financial security for your children is somehow a bad thing. Sure, most people would want to avoid enabling a stereotype "trust fund kid," but just because a child or heir has a little financial security or jumpstart is by no means a sentence condemning them to a lifetime of coddling and laziness.

With new tax laws, do Californians need credit shelter trusts?


By this time of the year, most Sacramento residents will have received all the forms and paperwork necessary to file their income taxes for 2013. Some may find windfall refunds awaiting them; others will be less lucky and end up owing money to the state of California and to Uncle Sam. But while the subject of taxes is fresh in the minds of local residents, it is worth noting that there are options available for those wondering how to reduce federal taxes on their estates.

Trusts can force your heirs to spend their inheritance wisely


People in California may have seen a recent news editorial on the topic of leaving inheritance to children and other heirs. Everyone wants their future generations to thrive and prosper even after they are deceased, but how can a person make sure their children are going to use that money wisely and not blow it immediately on wasteful spending?

Passing on wealth to heirs requires sound planning


People in California may have seen a recent editorial about people who have had the good fortune to pass on their wealth to future generations, and the surprising backlash many people in the American public seem to have against their heirs. While many people are quick to criticize people who they feel haven't "earned" their wealth, it is obvious that common misconceptions have a lot to do with the reasons the public perception is so negative. After all, the American dream hinges on the ability to create success, and then share that success with loved ones and future generations.

Compensating a trustee for trust administration services

Readers of the blog here in California know that setting up a trust can be an excellent way to preserve and utilize money for a specific purpose, or a specific person. Many estate plans include at least one trust, and they are favored because of the peace of mind and stability they can provide. However, one integral person in the trust can often be overlooked: the trustee.

Nation's fourth wealthiest woman revealed through estate drama

Sacramento readers may not know the name of the fourth-wealthiest woman in the country, but the wealth she has come to possess has certainly had seen its share of controversy in the courtroom as well as the tabloids over the years.

Contact Our Law Office Today

If you would like to discuss representation or have another question about my firm, please call 916-248-4465 or email my Sacramento, California, office to arrange for a consultation.

Office Location
901 H Street, Suite 210
Sacramento, CA 95814-1808

Phone: 916-248-4465
Fax: 916-441-5776
Map & Directions

office numbers
Map