Tag: Living Trust Amendment
How are trustee fees calculated? Trustees play a critical role in trust administration. In California, trustee fees can vary based on the type of trustee appointed and the terms of the trust. Importantly, under California Probate Code § 15681, trustees
Are you in the midst of appointing a trustee? If so, you’ve likely considered hiring an institution to administer your trust assets. These corporate trustees are known for using fee schedules to manage their payments, as opposed to private and
According to 2022 statistics, 26% of surveyed elderly in Los Angeles report being financially abused. And this isn’t even inclusive of the unreported cases, which make up 14 out of every 15 elderly abuse cases, according to recent research. These
Elder abuse doesn’t just include physical harm, or constant neglect – it also applies to financial crimes, such as stolen cash, jewelry, or a ploy to steal retirement funds. Elder financial abuse is a serious offense in California, with a
Elder financial abuse, especially by caregivers and family members, occurs more commonly than you’d imagine. According to 2020 statistics, cases of elder financial abuse in the U.S. rose by 10%, with losses adding up to over $113 billion. Also known
As a beneficiary to a trust, often the trust is managed by someone else: a trustee. This could be a third party, a family member, or even a professional. For each type of trustee, there is still a risk of
Changes in life may also require changes to trusts. For example, when couples marry or divorce, they may wish to change their distributions so that their spouse or ex-spouse is or is not a beneficiary. Making changes to a trust