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

Widow and bank at odds over management of trust

Helping someone through their final days in Woodland Hills can be a monumental task. The difficulty of such an endeavor may be what makes it understandable why so many seem to favor those that they are closest to during their twilight years in their estate planning. However, others who might otherwise be party to an estate may view their interests as being impacted by the actions of those who were consistently around a decedent until his or her end. That impact may could lead to accusations of undue influence.

How do you formally accept the role of a trustee?

Taking on the role of being a trustee to an instrument or account created by a family member, friend or colleague in Woodland Hills is a large responsibility, and certainly one that should not be taken lightly. You may do well to consider the matter for a time before actually accepting the role. While some (including even possibly the settlor) may question your apprehension in immediately assuming the responsibility, your prudence may ultimately help ensure that the trust is handled properly. The question, however, is whether or not the law automatically assigns you this responsibility.

Planning ahead may reduce shock of long-term care costs

When in the prime of your life, you may have a difficult time imagining a scenario in which you can no longer care for yourself. However, this type of predicament affects numerous individuals, especially those of retirement age. While you may still have a number of years before you reach that point in your life, you may wish to begin considering how you would pay for long-term care.