Probate, Estate Planning and Trust Law
Law Offices of Alice A. Salvo  Law Offices of Alice A. Salvo
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Phone: 818-676-9572

December 2015 Archives

Sister accuses brother of mismanaging mom and aunt’s money

For families in Woodland Hills, having one assume control of a parent or loved one’s affairs could potentially alienate the other members. If such tension exists, one may want to ensure that all of his or her dealings with the estate be transparent and up-front, thus avoiding the potential for claims of mismanagement coming from his or her siblings and/or loved ones. Should one open the door for speculation that he or she may not be performing above board on all of his or her duties as either a trustee or estate executor, he or she had better be prepared for the onslaught of breach of fiduciary duty claims that are sure to run through it.

Can you name your doctor as your health care proxy?

When selecting a family member to become your health care proxy or agent in Woodland Hills, you may run the risk of creating contention by choosing one over the other. To you, an easy way to avoid the potential for tension may be to give this responsibility to someone outside of your family, such as your doctor. However, before making such a decision, it is important that you understand exactly who you can name as a proxy to avoid any undue stress on your part of that of your family and friends.

Helping newly-inherited teens and young adults find their way

Whenever wealth is transitioned from one generation to the next in Woodland Hills, concerns about how a beneficiary will handle his or her inheritance are ever present. This is especially true when dealing with teen and young adult heirs. Immediately, two fears may arise in the minds of those caring for these youths: First, will he or she go nuts with this newfound wealth and completely blow through it, or will he or she allow a lack of experience in such matters lead him or her to trust in people with ulterior motives.