California Trustee Duties
You have been chosen as a Successor Trustee. It is important to know facts on what your duties are if you are chosen as a California Trustee. Know Your Duties When nominated to be a trustee you owe many duties and obligations to the beneficiaries. You are a fiduciary and owe a fiduciary duty to […]
Basic Estate Planning vs. Advanced Estate Planning in California
Rich or poor, everyone has an estate. For some, this can mean real estate, bank accounts, business interests, and more. For others it could be as simple as the clothes on their back. Either way, what you leave behind when you pass is considered to be your “estate”. You should plan, because even if you’re […]
How To Pick A Trustee
What is the role of a Trustee? If you have a trust, you need a trustee. A Trustee is the person who will execute your trust instrument. Many clients believe the trust can act on its own and can make its own decisions. However, a trust is a contract which lays out what is to […]
How Should I Hold Title To My Real Estate in California?
Many times in our Estate Planning practice, we get asked, how should we hold title to our real estate? Or sometimes the client states, “I have my real estate held jointly with my spouse, thus I do not need a living trust.” The following five variations of legal title are broken down. However, one form […]
Do Not Plan Your Estate Around Specific Assets! – The case of Jim.
Unless there are compelling reasons why a specific asset should go to a specific person, you should not try to plan around specific assets. We are repeatedly asked why do I need a trust? I want to add my kid’s names as beneficiaries to my accounts and add them to the title of my property. […]
Estate Planning & Marriages
The beauty of the Peninsula creates picturesque backdrops for weddings. Couples from around the US and the world gather here with their families to start the new chapter of their lives. This chapter may be their first regarding marriage or it may be their second or third. When marrying, careful consideration must be made regarding […]
Do You Have a Permanent “Intent” to Reside in the US?
The United States is a land of opportunity, drawing people every single day. As people immigrate to the United States, it’s important for them to have their financial house in order… and often, that includes estate tax planning. At Singh Law Firm, we’re pleased to walk clients through all aspects of the estate tax law […]
Gift Trusts for Minors
School is in session and the little (and not so little) ones are off. You can see them in the mornings, walking through our Del Monte Forest to get to their schools on time. It is a wonderful time of year that is focused on children, routines, goals, and education. On a broader scale, as […]
