One of the main reason that we here at The hear from Woodland Hills residents as to why they put off estate planning is because they fear upsetting family members who may be given roles in their estates. Having several options to choose...
Trustees
Naming an executor
It may come as a surprise to many in Woodland Hills how great of an emphasis experts place on beginning one's estate planning at an early age. That is likely due to the fact that, according to recent information shared by the American Bar Association, 55 percent of...
Lawsuit aims to stop McDonald’s from using late artist’s works
For those in Woodland Hills who have been asked to serve as the executor or personal representative of a family member or friend’s estate, their responsibilities may go beyond simply ensuring that the estate is processed and dispersed correctly. If the assets...
Filling a vacated trustee’s office
The success a trust achieves in managing the assets therein may depend largely on the capabilities of the trustee. Many often come to us here at the concerned over the office of a trustee having been vacated. If you are an interested party...
What powers do you have as a trustee?
To take upon the role of trustee over a trust containing the real property and assets of a family member or friend in Woodland Hills can be quite a daunting task. Before agreeing to assume such a role, it may be helpful to understand exactly what powers you have as a...
What is the Uniform Prudent Investor Act?
When appointed as a trustee in Woodland Hills, one of the duties assigned to you by the trust article may be to invest trust assets in an attempt to grow them. When doing so, you are held to a standard designated in the United Kingdom Probate Code as the Uniform Prudent...
Understanding the process of appointing an estate administrator
Woodland Hills residents are strongly recommended to engage in estate planning early in their adult lives so as to avoid issues with the management of their affairs once they are gone. Nevertheless, we here at The can attest to the fact...
Understanding who qualifies as a professional fiduciary
Several Woodland Hills clients come to us here at The claiming that those whom were entrusted with the management of an estate failed to uphold their fiduciary duty. If you also have such a complaint, then the first thing that you will...
What are the qualifications to serve as an executor?
One of most important decisions that you may face during the estate planning process may be who you will choose as your executor or personal representative. You may already have a pre-selected candidate, yet before officially naming him or her as your personal...
Detailing how and why an executor may be dismissed
For those who are interested parties to an estate in Woodland Hills, the actions of the estate's executor are of particular interest. Any missteps or mismanagement on his or her part could potentially impact the estate's assets and property. Thus, it becomes important...