Open/Close Menu Estate Planning, Probate, Tax Law in Covina and Temple City, CA

The SECURE Act may affect both your estate plan and your retirement planning needs. Although many experts thought the SECURE Act would pass in 2019, we will now likely need to wait until 2020 to see if the SECURE Act will come into effect. Here is a recently published article I found interesting: https://www.investmentnews.com/article/20191106/FREE/191109993/secure-act-frozen-by-trump-impeachment-inquiry

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…

Being a Successor Trustee What is a Successor Trustee? A successor trustee is a person who takes over the management of a trust after the initial trustee dies or is unable to fulfill their responsibilities. The successor trustee is responsible for executing the trust and managing it until the assets of the trust are distributed…