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Welcome New Members:
Barbara R. Simonich
CPA
Barbara R. Simonich
CPA, ABV, CFF
Phone:
831-375-7779
[view full profile]
New Articles:
IRA Charitable Rollover Restored
-MontereyTrust.com staff writers
Notice Regarding Increase
in Fees for Filing of Parent/Child Exclusion Effective Jan 1, 2009
Featured Member:
Chris Campbell
Attorney
Chris Campbell is an attorney with the Heisinger, Buck &
Morris firm in Carmel and has been practicing law for 34 years. Chris
attended Law School at Boalt Hall (U.C. Berkeley) and her practice
focuses on Conservatorships,
Probate Litigation and Mediation.
[Link]
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The Monterey and Santa Cruz area is fortunate to
have many estate planning professionals who have dedicated their
professional lives to being leaders in their field and true contributors
to their communities. This site represents the best of our estate
planning professionals and offers our community current information on
issues affecting us in trusts, estates, probate, investments, tax and
financial planning.
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Bold items indicate events in the
Monterey & Santa Cruz areas |
June 9 - 10, 2009
ALI-ABA - Charitable Giving Techniques
Hotel Monaco, Seattle, Wa.
[Link] |
June12, 2009
CEB Continuing
Education of the Bar - Powers of Attorney and Health Care
Directives - San Francisco
(Link) |
June 12,2009
CEB Continuing
Education of the Bar - Case Management and Client Communication:
Tips for Trusts and Estates Lawyers - San Francisco
(Link) |
June 23, 2009
Senior Round Table (Members) - 8:00 a.m. First National Bank
Trust Dept. |
June 25, 2009
Monterey Estate Planning Study Group (Members)
Fraud and Forensic Accounting, Discount Valuations and
General Tax Update.
12:00 - 1:30 [Link] |
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Members Login to view complete 2009 Calendar. |
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Q: The beneficiary of a Special Needs trust recently died. She
was entitled to receive income or principal from the trust as
the trustee determined in the trustee's sole discretion,
sufficient to supplement any public benefits. Over the term of
the trust, it was unnecessary to make any disbursements. The
trust was established as an irrevocable trust by the
beneficiary's father. The remainder men are the siblings of the
beneficiary. Are the trust assets included in the beneficiary's
estate for purposes of estate taxes?
A: Unless the beneficiary held a general power of
appointment over the Trust, which it sounds like she did not,
the Trust is not included in her estate for estate tax
purposes.
(Read More)
Q: I would like
to name my son as my Trustee. Do I need to ask his permission or
have him agree to be named?
A.
You do not need your son’s permission to name him as your
Trustee or Executor and it is not required that he be told that
you have named him. There are differing schools of thought on
this matter. Most attorneys advise that you speak with your son,
ask him if he is willing to serve and make sure he understands
the extent of the commitment
before you name him
in your documents.
(Read More)
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Sheriffs Office Report
Senior Legal Services
Adult Protective Services
Report
District Attorneys Office
Report
Other Articles and Alerts |
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