Probate, Estate Planning and Trust Law
Law Offices of Alice A. Salvo  Law Offices of Alice A. Salvo
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June 2017 Archives

Collecting child or spousal support from trust assets

Different areas of the law may intersect in certain cases. However, two that you might not assume to have much relevance to each other are estate planning and family law. You might be surprised to learn how often these different legal disciplines go hand-in-hand. Many who are beneficiaries to trusts often come to us here at The Law Offices of Alice A. Salvo wondering if their interests can be made available to creditors. The answer to that question in yes (in certain situations).

Evaluating transactions made by a trustee

A number of different responsibilities accompany the role of trustee in Woodland Hills. One who assumes this role should do his or her due diligence is researching them all in order to avoid accusations of breaching his or her fiduciary duty. Such allegations can be quite common when it comes to arranging transactions involving trust assets. Given the interest that beneficiaries hold in a trust, one might assume that they will subject every sale or claim initiated by a trustee to a great amount of scrutiny.

What is a holographic will?

You may hear stories of people coming forth after a wealthy individual has died claiming to have helped the decedent and in return being promised his or her entire fortune. Often, the only evidence that such people can produce is a handwritten will. Such stories may be easy for you and others in Woodland Hills to dismiss, yet they prompt the question of whether or not a handwritten will is actually valid.

Non-profits wait for decision on local philanthropist’s estate

It is not uncommon for Woodland Hills residents to die in debt. When one who has outstanding liabilities passes away, those obligations remain with his or her estate. Whomever is appointed to administer the estate must settle those debts out of its assets before funds can be dispersed to beneficiaries. One form of debt that many may not view as such are promised donations. While it may seem counterintuitive that a financial gift could be viewed as a debt, when one pledges a donation, he or she is essentially promising to pay money to an organization. That agreement is viewed as a contract.

Should your spouse act as executor of your estate?

Creating an estate plan can make your passing easier on your surviving family members. By getting your affairs in order well before your demise, you can ensure that family members know your wishes for healthcare, funeral arrangements, property distribution and other necessities. Of course, you will need an executor to your will to carry out these desires as you had hoped.

Knowing when providers may refuse to follow advance directives

As you watch your family members and friends in Woodland Hills begin to deal with the effects of advancing age, you may quickly understand why many often sour on the idea of continued care. Oftentimes, such care can involve treatments that are painful or leave a patient feeling ill or drained of energy. Oftentimes, people may come to us here at The Law Offices of Alice A. Salvo wanting to set up advanced directives meant to limit care that could prolong their lives. Most automatically assume that any healthcare provider must comply with these wishes. Yet is that always the case?