What are Discretionary Distribution Guidelines?
Discretionary distribution guidelines are crucial components within trusts, particularly those designed for long-term asset management and beneficiary support. They empower …
How Is an Exculpatory Clause Challenged?
An exculpatory clause, often found within contracts and legal agreements, seeks to shield a party from liability for negligence or …
What Debts Are Paid During Probate?
Probate is the legal process of administering a deceased person’s estate, which includes paying their outstanding debts and distributing their …
What Are a Trustee’s Fiduciary Duties?
As an experienced trust administration attorney in San Diego, I often get asked about the responsibilities of a trustee. The …
How Does a Guardian Manage Conflicts of Interest?
What is a Conflict of Interest in Guardianship? A conflict of interest arises when a guardian’s personal interests or relationships …
How is Trust Income Reported?
What Exactly is a Trust? A trust is a legal arrangement where a person, known as the grantor, transfers assets …
What Are the Advantages of Avoiding Probate?
Probate, the legal process of administering a deceased person’s estate, can be time-consuming, expensive, and public. While it’s necessary in …
What is Elder Abuse and How Can It Be Prevented?
Elder abuse is a serious issue that affects millions of older adults every year. It can take many forms, including …
Is a Bond Always Required for Trustees?
Trusts are powerful legal instruments that allow individuals to manage and distribute assets according to their wishes, even after they’re …
How Does The Rule Against Perpetuities Affect Trusts?
What is the Rule Against Perpetuities? The Rule Against Perpetuities is a legal principle designed to prevent property from being …