California allows you to set up a charitable remainder trust, or CRT, and include it in your estate plan. A charitable remainder trust pays out income to the beneficiaries during your lifetime and transfers what's left in the trust to the designated charity after you...
Trusts
Can you form a trust for your pet?
On Behalf of Newman Law Group | Feb 26, 2022 | Estate Administration & Probate, Trusts
Are you worried about how your pet will be treated after you have passed? If you live in California, you may be interested to learn about pet trusts. This is a trust that you can form on behalf of your pet. You can set it up in order to ensure that someone will be...
Should you establish a Medicaid trust?
On Behalf of Newman Law Group | Feb 24, 2022 | Trusts
Are you reaching the age where you may need to consider long-term elder care? If you live in California, there are several avenues available. The key to success in this area is knowing the type of arrangement that is right for your needs. This is a time in which...
Transferring assets is a vital part of trust preparation
On Behalf of Newman Law Group | Oct 22, 2020 | Trusts
Many California residents believe that using a trust as part of their estate plan is wise. This line of thinking can often allow individuals to take advantage of the many benefits a trust can offer. However, it is important to remember that trust preparation goes...
Deciding trustee fee is an important part of trust preparation
On Behalf of Newman Law Group | Aug 19, 2020 | Trusts
Deciding to use trusts as part of their estate plans can help numerous California residents more effectively express their management wishes for certain assets. Of course, trust preparation takes a lot of consideration, and one aspect to consider is how much to pay...
Trust preparation may be worth considering for any estate planner
On Behalf of Newman Law Group | Jul 9, 2020 | Trusts
The idea of creating an estate plan is sometimes offputting to certain individuals. They may not like the idea of having to think about what should happen to their belongings after their passing or what decisions should be made if they become seriously ill. As a...
Trust administration involves working with multiple people
On Behalf of Newman Law Group | Jun 24, 2020 | Trusts
A person's estate plan often relies on other people to ensure that the correct steps are taken to administer the remaining assets. Many California residents choose to use trusts as part of their plans, and they need to appoint trustees to handle the trust...
If trust administration goes awry, trustees may be responsible
On Behalf of Newman Law Group | May 11, 2020 | Trusts
One of the important steps of estate planning is appointing trusted people to important roles. For instance, California residents want to ensure that they choose responsible parties to act as executors and trustees. These parties are in charge of handling probate and...
Conflict could arise during trust administration
On Behalf of Newman Law Group | Apr 7, 2020 | Trusts
Many people in California and across the country are turning toward trusts when creating their estate plans. This step can have numerous benefits, but it is important to remember that some issues could arise during trust administration. In particular, the trustee may...
Trust preparation can be complex but very worthwhile
On Behalf of Newman Law Group | Aug 1, 2019 | Trusts
Estate planning has its own vocabulary that consists of words like wills, living wills, medical directives, probate and trusts, just to name a few. Trusts allow one to keep the details of an estate private and can simplify the process of transferring assets in...
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