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Blog Posts About Trust Assets

Let’s talk a little bit about the difference between general gifts and specific gifts. Then we’ll also talk about residue gifts or remainders Basically speaking, a specific gift is when you are given the gift of a specific property. Specific Gift The most common specific gift is real property such…

Ok, so you’re a beneficiary and you just did a title search on the asset that’s in the trust and you find that it’s in the name of the trustee, who is your older brother perhaps.  And you say, “Wait a minute.  Why is the title to the trust asset…

We get the question, time to time, how do I as a trustee make a big decision that impacts the trust from a financial standpoint and get protection for making that decision so that the trust beneficiaries don’t later on down the road sue me for that decision? Here’s a…

There will be times when a trustee will be managing a trust and they’ll come across a trust asset that simply isn’t worth anything.  It could be an interest in a partnership that has gone defunct and is no longer in business.  It could be a lot of land out…

You may find this surprising, but in California, children do not have an automatic right to inherit their parents’ assets.  And you’re not alone – a lot of people are surprised about that.  They’ll call up our office saying a bad actor changed the Will or the Trust and somebody…

What is an Estate? It sounds like a relatively easy question. At least in my mind it does. But the answer is a bit more complicated. An Estate can mean a lot of different things. People often think that their Estate is all of the assets they own. And that…