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A power of attorney allows the principal to delegate authority to the agent, sometimes referred to as the “attorney in-fact,” to act on the principal’s behalf in managing the principal’s financial affairs; however, the principal retains his or her power to perform these same functions. An important component of the power of attorney is “durability,” [...]
Southern California estate planning attorney Tony J. Tyre, founder of The Law Offices of Tony J. Tyre, Esq., APC, lists the top three reasons why a successor trustee has a duty to act in the best interest of the named beneficiaries. "They must avoid self-dealing by not deriving a personal gain in any way from [...]
Everybody, at some point in life, needs to plan for their estate. Most people, when planning their estate, want a trust. “However, what many don’t know is that there are four imperative estate planning documents they must execute,” said Tyre, “including the following.” Revocable living trust. “A living trust helps your estate avoid probate court, [...]
Did you all see my news about providing nutritious food to hungry neighbors made it in FOX34 News?! Click here
Our firm is having a food drive through May 31! To participate, please dropped off canned food to one of our offices or you may participate by clicking this link
Take a look at my recent news about providing nutritious food to hungry neighbors! https://www.prweb.com/…/law_offices_of_to…/prweb16239271.htm
Scenario: Your father was smart enough to have a trust drafted. As a result, his property can pass to you and his other beneficiaries without the lengthy and costly process of going to probate court. Now what? When your father had a trust drafted, he became both the Trustor (trust creator) and the Trustee (the [...]
Here’s a scenario I see all too often in our practice: A couple comes into my office to have their living trust reviewed. They tell me they responded to a mailer offering a steep discount to draft an estate planning package, but after signing their documents, they felt uneasy. As I go through each document, [...]
It’s that time of year…tax season. When most of us think of tax season, we think of our individual and business tax returns since these are the most common tax forms. Most of us do not think of the tax obligations relating to trusts—but many of us should. Many of my clients are surviving widows [...]
Update On VA Law If you are a veteran or the spouse of a veteran, then you may be eligible for VA pension benefits, and VA pension planning may be an option for you. VA pension benefits consist of monthly cash benefits paid to eligible wartime veterans or their [...]
