q TRUSTS-DUTY TO ACCOUNT TO BENEFICIARIES By: David L. Crockett, Attorney, CPA UCLA Law School ’69, UC Berkeley ’66 Newport Beach, Ca 949-851-1771 www.trustandprobatelawyers.com david@clcnewport.com People involved in a trust. Because trusts are not filed or recorded with any government agency, laws have been established to make sure…
By: David L. Crockett, Attorney, CPA UCLA Law School , J.D. ’69, UC Berkeley ’66 901 Dove St., Ste 120, Newport Beach, CA 92660 Phone: 949-851-1771 Email: David@CLCNewport.com Website: TrustandProbateLawyers.com THREE TAXES WHICH MUST BE…
By: David L. Crockett, Attorney, CPA UCLA Law School , J.D. ’69, UC Berkeley ’66 901 Dove St., Ste 120, Newport Beach, CA 92660 Phone: 949-851-1771 Email: David@CLCNewport.com Website: TrustandProbateLawyers.com WHAT YOU SHOULD EXPECT WHEN ALL IS SAID AND DONE? You should end up with (a) custom prepared, understandable, and…
By: David L. Crockett, Attorney, CPA UCLA Law School , J.D. ’69, UC Berkeley ’66 901 Dove St., Ste 120, Newport Beach, CA 92660 Phone: 949-851-1771 Email: David@CLCNewport.com Website: TrustandProbateLawyers.com WHAT TAX RETURNS HAVE TO BE FILED AFTER A REVOCABLE (LIVING) TRUST IS FORMED? Answer: NONE, as long as both…
Reasons for Estate Planning People engage in estate planning to establish a comprehensive plan to cover what happens to their money and property in the event of disability or death or divorce. Each estate plan is custom tailored to your personal situation. A typical estate plan will: 1. be changeable…
GENERIC OUTLINE OF BASIC TRUST ADMINISTRATION STEPS: (Each step of administration can create serious pitfalls and problems if ignored) 1. Study of the trust documents to determine specific instructions i.e. what to do on death of first or second spouse as the case may be. [Why do this?…
By: David L. Crockett, Attorney, CPA UCLA Law School , J.D. ’69, UC Berkeley ’66 901 Dove St., Ste 120, Newport Beach, CA 92660 Phone: 949-851-1771 Email: David@CLCNewport.com Website: TrustandProbateLawyers.com Introduction. Both wills and trusts are involved in almost every estate plan. They each have their own uses and characteristics.…
By: David L. Crockett, Attorney, CPA UCLA Law School ’69, UC Berkeley ’66 Newport Beach, Ca 949-851-1771 www.trustandprobatelawyerst.com david@clcnewport.com HOW TO SELECT A NAME FOR YOUR TRUST Creation of trusts. Laws stating the requirements for forming a trust are stated at California Probate Code §§15200 through 15312. A trust is…
PROFESSIONAL FIDUCIARY AS THE TRUSTEE OF A TRUST By: David L. Crockett, Attorney, CPA UCLA Law School , J.D. ’69, UC Berkeley ’66 901 Dove St., Ste 120, Newport Beach, CA 92660 Phone: 949-851-1771 Email: David@CLCNewport.com Website: TrustandProbateLawyers.com THREE (3) TRUSTEE CHOICES IN ESTATE PLANNING. When establishing a trust…
ESTATE PLANNING TRUSTS POSITIONS DESCRIPTIONS By: David L. Crockett, Attorney, CPA UCLA Law School , J.D. ’69, UC Berkeley ’66 901 Dove St., Ste 120, Newport Beach, CA 92660 Phone: 949-851-1771 Email: David@CLCNewport.com Website: TrustandProbateLawyers.com BASIC NOMENCLATURE. Trust and Probate lawyers and the 1,100 page California Probate Code use…