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...
Law Offices of Alhayat Solicitors
Determining the legal viability of oral trusts
The basic premise of a trust is fairly straightforward: A person (the settlor) asks another (the trustee) to retain and manage an asset for the benefit of yet another (a beneficiary). Given the simplicity of that explanation, one might think that a trust is little...
How can one ensure the duties of a trustee are fulfilled?
Assuming the role of trustee for a trust created by a family member, friend or colleague in Woodland Hills is a huge responsibility, and certainly not a request you should consider fulfilling without first dedicating a significant amount of thought and care to it. By...
Heirs see proceeds of sale of figurines 80 years later
Many in Woodland Hills may wonder what sort of assets make up their estates, and how far those properties can go in generating income and other benefits for their beneficiaries. Any tangible (and in some cases, intangible) property can qualify as estate assets. That...
You don’t have to predict the future to plan for it
It is impossible to know what will happen in the future, but there are steps that you can take to protect yourself and your loved ones in the years ahead. In addition to an updated will and complete estate plan, you may also protect your interests by drafting advanced...
Debt allocation after death
Many in Woodland Hills may joke about dying penniless and poor, yet in the case of many local residents, their financial circumstances may actually be worse than that. Recently, statistics seem to show that more and more people are dying in debt. Information shared by...
Examining will revocation methods
Estate planning experts in Woodland Hills recommend that people begin planning for the transition of their assets early on in life. Those who do so may rest easy knowing such matters are covered. Yet given that they may live for years or even decades after having...
What duties come with power of attorney?
Much is made by people in Woodland Hills about the authority granted to those given power of attorney. What is often overlooked, however, are the duties that come with such a role. You may have been led to believe that whomever you entrusted to handle your affairs...
Brothers and sister at odds over mandate of family trusts
Naming a reliable trustee may be the most important decision that a person in Woodland Hills can make after deciding to establish a trust in the first place. That trustee will be endowed with power to oversee much of the management and administration of the...
Is at-home or out-of-home long-term care right for you?
You will undoubtedly face many unexpected situations over the course of your lifetime. Some of those events may bring joy to you and your family, and other incidents may cause considerable stress and uncertainty. Though you cannot plan for all potential life events,...