Trust Account Management for California Solo Attorneys: IOLTA Compliance and Avoiding Discipline
If you are managing your own trust account without support staff, you are also managing one of your greatest professional […]
How a Revocable Trust in California Helps Avoid Probate
Estate planning is a critical process for individuals seeking to protect their assets, provide for their loved ones, and ensure a smooth transfer of wealth upon death. A revocable trust not only provides flexibility and control over assets during the grantor’s lifetime but also helps avoid the time-consuming and costly probate process upon death. For … Continued
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Trustees and Beneficiaries Beware
Trustees and Beneficiaries Beware: Think Twice Before Modifying an Irrevocable Trust By: Christina M. Chan Under section 6110(i)(1) of the Internal Revenue Code, a Chief Counsel Advice memorandum (“CCA”) is a term used to describe written advice or instruction issued by the Service or the Office of Chief Counsel to field offices concerning the IRS’ … Continued
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