What is a Heggstad Petition? Drafting a trust and funding it (changing title to your assets to the name of your trust) is a multi-step process. If a person fails to fund or title his/her property in the name of the trust during his/her lifetime the “Heggstad Petition” (named after…
Your trust likely has an investment standard — a prudent person or a prudent investor standard. But what are the differences between the two? See below. Prudent Person Standard A prudent person standard means your successor trustee needs to invest your assets prudently. In other words, your successor trustee cannot…
More and more clients are coming to us owning cryptocurrency. Cryptocurrency is a unique asset and how to handle this asset is unique as well. Cryptocurrency isn’t a common asset left in an estate like a bank account, and many people are unfamiliar with digital currency. By leaving a detailed…
In California, a limited partnership is formed by filing a Certificate of Limited Partnership (the “Certificate”) with the Secretary of State. The Certificate must include certain information, including a name, the street address of the initial office, the name of the initial agent for service of process, the name and…
Have you wondered what the federal landscape of estate tax has looked like over the last twenty years? It is helpful to have an understanding of current law and future changes in the law when planning your estate. Please get in touch with us if you have any questions about…
