Egtrra updating plan documents

The Planning, Administration, and Litigation of the “HEMS” Standard This article explores three aspects of the frequently used health, education, maintenance, and support (“HEMS”) standard that are crucial for practitioners to understand: how to draft the language, how to administer the trust as a trustee, and how to interpret the language during litigation.Avoiding the Knot: Estate and Tax Planning for Unmarried Couples Couples who chose not to marry forgo property rights, health insurance, tax benefits and inheritance rights.The article defines each type of action, suggests factors for deciding which action or combination of actions to file, and cautions the fiduciary from simply changing the locks on wrongful occupants of trust, estate, or conservatorship real property.From the Chair This column discusses a systematic approach to help attorneys assist their clients in understanding and taking advantage of the planning opportunities under the new Revised Fiduciary Access to Digital Assets Act, and to assist fiduciaries in dealing with digital assets in post-death administrations.

In response to this problem, the California legislature recently enacted a law that provides guidance to loan servicers and protections to surviving heirs.California Could Say No to Nings And Don’t to Dings By Justin T. However, there is a possibility that the California Franchise Tax Board could find that the grantor who created the trust not only is subject to state income taxes on the trust’s net income, but also is subject to substantial interest and penalties.An Overview of Nevada’s Beneficial Trust Laws: What Every California Practitioner Should Know Before Heading East By Julia S. Many California attorneys are being asked about planning options such as Dynasty Trusts or decanting, and have to look to other jurisdictions. This article provides a summary of Nevada’s laws that may be helpful to California attorneys and their clients.Explore situations in which you can do more of them.From the Chair Parents frequently leave the family home or other real property to their children at death.

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