As Riverside living trust attorneys, we take our responsibility to our fellow community members very seriously. We go the extra mile to educate people about the importance of preparing for the eventualities of aging, and we also do everything possible to provide information about trusts and other estate planning tools. With this in mind, let's look at some checklist items that everyone should address. Medi-Cal Planning In order to be able to leave inheritances to your loved ones, you have to … [Read more...] about Riverside Living Trust Attorneys Provide a Checklist
Riverside Elder Law Attorneys Share Food for Thought
Riverside elder law attorneys help people prepare for the eventualities of aging as they make plans for their potential incapacity and any legacy they desire to leave their loved ones. There are many different things to consider, so you should definitely consult with one of our elder law attorneys to understand all the facts. In this blog post, we will look at three different things to think about as you are planning ahead for the future. Alzheimer's and Incapacity Planning You take out … [Read more...] about Riverside Elder Law Attorneys Share Food for Thought
Naming Child as Executor is Viewed as Honor
The article Executor of Will a Dubious Honour contains many truisms I discuss with my estate planning clients on a daily basis. Every estate planning consultation in our Riverside estate planning law office involves a discussion regarding who will be in charge of carrying out the client's wishes upon disability and after death. An executor is the person who carries out the terms of the decedent's Will in the Riverside County Probate Court or the San Bernardino County Probate Court. Many … [Read more...] about Naming Child as Executor is Viewed as Honor
Rhode Island Approves Gay Marriage: Estate Planning Still Needed for LGBTQ Partners
Rhode Island is now the tenth state to approve gay marriage. The other states that recognize marriages of LGBTQ couples are Connecticut, Iowa, Maine, Maryland, Massachusetts, New Hamphsire, New York, Vermont, Washington. The District of Coumbia also recognizes gay marriage. States that allow either domestic partnerships or civil unions or gay partners are: California, Colorado, Delaware, Hawaii, Illinois, Nevada, New Jersey, Oregon and Wisconsin. Many LGBTQ couples may now believe that gay … [Read more...] about Rhode Island Approves Gay Marriage: Estate Planning Still Needed for LGBTQ Partners
Dennis Sandoval Speaks at American Academy of Estate Planning Attorneys Conference
Riverside estate planning and tax law attorney, Dennis M. Sandoval, addressed The American Academy of Estate Planning Attorneys at their 20th Annual Spring Conference in Philadelphia this weekend. On Saturday, Dennis spoke on issues relating to trust funding and trust administration. On Sunday, he spoke on naming a trust as beneficiary of retirement assets, such as IRAs and 401Ks, in order to maximize "stretch-out" and long-term deferral on income taxation of inherited IRAs. Call 951-888-1460 … [Read more...] about Dennis Sandoval Speaks at American Academy of Estate Planning Attorneys Conference
Dennis Speaks to American Academy of Estate Planning Attorneys
Riverside estate planning and tax attorney Dennis M. Sandoval addressed The American Academy of Estate Planning Attorneys at their 20th Anniversary Spring Conference in Philadelphia. On Saturday, Dennis talked about the technical issues of trust administration and trust funding. On Sunday, Dennis delivered a speach on the planning problems of naming a trust as a beneficiary of a retirement asset, such as an IRA or 401k, in order to maximize "stretch-out" and income tax deferral of inherited … [Read more...] about Dennis Speaks to American Academy of Estate Planning Attorneys
Will Contest: Wealthy Widow, Barbara Johnson, Dies
Barbara Piasecka was born in 1937 in Staniewicze, Poland. She died in Wroclaw, Poland on April 3, 2013, at the age of 76. She arrived in the United States in 1968 with less than $200 in her pocket. Shortly thereafter she was hired as a cook by Esther Underwood Johnson, the second wife of J. Seward Johnson, Sr., heir to the Johnson and Johnson fortune. Her cooking skills were unacceptable, so she became a maid at the Johnson's Oldwick, N.J. estate. Mr. Johnson set her up in an apartment in … [Read more...] about Will Contest: Wealthy Widow, Barbara Johnson, Dies
Battle Over Astor Will Settles
The estate of Brooke Astor, the renowned philanthropist who died at age 105, was recently settled. It had been entangled in litigation for many years involving her son, Anthony Marshall, and his estate planning attorney, Francis X. Morrissey. Marshall and Morrissey convinced Astor, after she had been diagnosed with dementia, to execute a number of codicils to her Will, giving control of her $200 million estate to Marshall. Marshall intended to divert the funds that were intended to go to various … [Read more...] about Battle Over Astor Will Settles
Defending a Pet Trust
Ms. Marshel was very concerned that her beloved animals, who she called her "cherished children," were cared for after her death. She had horses, dogs, cats, goats, pigs, and other animals that she cared for on her Riverside County property. She named one of her most trusted friends as caretaker for the pets. She named other friends and relatives as co-trustees over the trust assets. A son whom she adopted out early in life, came back into her life shortly before her death. The estranged son … [Read more...] about Defending a Pet Trust
Leona Helmsley’s Unusual Pet Trust
Trouble, the white Maltese owned by Leona Helmsley, the New York hotel heiress known as the “queen of mean,” has died. Helmsley’s estate plan created a Pet Trust for Trouble, funded with $12 million from her estate. A judge later reduced the amount of the gift to $2 million. Another unusual provision that was nixed by government authorities was a provision in Helmsley’s Will that the dog be buried with her upon its death. New York state law prohibits animals from being buried in a cemetery for … [Read more...] about Leona Helmsley’s Unusual Pet Trust
