As a California trustee, you have a fiduciary duty to act in the best interests of your beneficiaries. This means that you keep the beneficiaries informed and that you put the interest of the beneficiary ahead of your own. “Best interest” varies depending on the circumstances of the trust. For…
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WOSU reported an interesting story about elder abuse where financial arbitrators awarded grandma with $19M in damages against her grandchildren: “Beverley Schottenstein, matriarch of the Central Ohio family that built DSW, American Eagle and Big Lots, is sharing her story of elder financial abuse in the hopes it will prevent…
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Spousal Property Petition in California
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California has some unique inheritance law when it comes to the community rights of a wife or husband to inherit from her or his spouse after death. Because California is a community property state, the surviving wife or husband has some advantages in inheritance law in this state. How do…
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Yes, one of the ways to protect your parent from financial elder abuse is a conservatorship. Many people who are over the age of fifty have at one time or another contemplated hiring an attorney to legally protect their aging parents. Elderly parents at some point during their lives need…