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Sacramento Estate Planning Attorney

Posts tagged "Trusts"

Repairing a trust may be a better alternative to starting over


When something is broken, the solution most people in California think of is fixing it. When a car breaks down, most people take it to the auto shop. When an appliance stops running, most people call a professional to come take a closer look. Very rarely is the best solution to throw out the old car or refrigerator and just buy a new one.

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.

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.

State laws can have serious implications for trust taxation

People in California and readers of the blog know that there are a number of tools available to estate planners looking to maximize their assets for the good of their heirs or favorite charities. However, what many people do not realize is that state laws can have serious estate planning implications, especially when state tax agencies come to exact their pound of flesh.

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.

Hopper's child gets large portion of his estate through a trust

California movie fans mourned the 2010 death of iconic actor Dennis Hopper. Since his passing, however, various issues have clouded the administration of his estate. Hopper was married five times throughout his life and was in the process of divorcing his fifth wife at the time of his death.

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.

Michael Jackson's children's trust funds still unsettled

California residents and readers of this blog have probably seen coverage of the controversy surrounding the estate of Michael Jackson. Three years after his death, however, much more remains to be done in the probate of his estate.

My Sacramento law practice, Michael A. Sawamura, Attorney at Law, focuses on wills, trusts and estate planning law in addition to business law and corporate defense services. My clients include professionals, government employees, small businesses, blue-collar workers and national corporations.

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