You discover your parent made large gifts to a person that threatens your parent’s economic security. You learn an elder friend’s fiduciary (trustee, attorney-in-fact) performed acts that conflict with your friend’s personal or financial interests. If you believe a friend or loved one is a victim of undue influence, taking…
Imagine that you recently received notice that you are a trust beneficiary but the trustee refuses to provide you with a copy of the trust. Or perhaps you are a trustee, making good faith efforts to administer a trust, but one beneficiary keeps making unreasonable demands resulting in wasting trust…
A trust is a legal arrangement in which a person called a grantor transfers property to a person named a trustee for the benefit of a beneficiary. While seemingly complex, trusts can provide better communication and clarity with the estate planning process. They also provide for periodic transfers of wealth…
Your business is doing well and you are expanding across the country. Your new COO has suggested taking your business into California but you sent her back to first investigate what initial steps companies who start to do business in the state must undertake to operate legally. Here is some…
You’ve probably heard the word ‘probate’ at some point or perhaps you know someone who had to endure the probate process after the passing of a family member or loved one. The term ‘probate’ is typically used in one of two ways: it can refer to the process the probate…
Valid question. Why does anyone care about putting together a plan to dispose of their estate after their death? You won’t be around so who cares? Simply put… your family cares. Your loved ones care. The people you care about care. At Business Estate and Tax Attorney P.C., we have…
Sophisticated Estate Planning with GRATs Grantor retained annuity trusts (GRATs) provide a solid foundation for long-term estate and legacy planning. This financial instrument is a great way to minimize wealth transfer taxes and maximize the efficiency of your estate planning model. GRATs present a real and robust opportunity to freeze…
