Aging California parents frequently choose a loved one, often an adult child, to handle personal finances when they no longer desire or feel competent to make wise money decisions. You might start out informally by using a parent’s PIN code to make an automatic teller transaction or step in to reconcile a bank statement. Money […]

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Independence is a precious possession that seniors often guard carefully as long as they feel sound in body and mind. Even when age or illness interferes with that independence, older people can be hard-pressed to give up activities like driving or balancing a bank statement. Many elderly people in Los Angeles live alone, whether by […]

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Many people are hale and hearty throughout their whole lives, but many more suffer health problems as they age that make it difficult to continue to perform tasks that were once easy. It’s not uncommon for older Southern California residents to get to a point where they cannot or do not want to handle finances […]

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Grief and duty mix following a family member’s death. Relatives nearest to the deceased are often assigned the roles of executors and trustees with time-sensitive duties to perform. Fiduciary responsibility begins the moment someone dies and continues until estate assets are distributed, as directed by the decedent or a court. Fiduciaries for an estate have […]

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California parents who keep contents of their estate plans confidential aren’t doing heirs any favors. Children can be disappointed, and sometimes angered to the point of litigation, by making assumptions about inheritances or roles as fiduciaries. A person designated as an executor or a trustee is charged with numerous time-sensitive, detailed jobs. A biological connection to […]

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This question can only be answered by you as a testator, the will creator. The decision to designate a spouse or other relative as the executor of your estate depends on the qualities, abilities and willingness of the family member. An estate planning attorney would not recommend forcing the job of a California executor on anyone who […]

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The word “executor” sounds like a title that could enhance a resume. In fact, a person who can handle the responsibilities of a California executor is probably well qualified for many jobs. Estate administrators known as fiduciaries have immense responsibility to a decedent, beneficiaries and probate court. The executor of a simple estate may have little to […]

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Tara Tyson Kulukundis was never well-known for her acting talents in New York or Los Angeles. The off-broadway and bit-part television actress did enjoy some notoriety decades ago and lived a comfortable lifestyle, at least until the death of her husband Manuel Michael Kulukundis. The late, Greek-shipping tycoon died three years ago leaving behind a […]

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Trusts can be essential to an estate plan. Individuals can spend a great deal of time deciding which assets are placed in a trust. Estate planning advisors say equal consideration should be given to choosing the fiduciary or trustees who will manage the trust. The size of a California estate, the complexity and scope of a trust […]

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Legal professionals stress choosing estate executors and trustees carefully. One of the reasons is the enormous financial responsibility that trustees carry for beneficiaries of an estate. The person assigned to a trustee position must have the competence and professional advice and resources to do the job. Among the duties of a California estate trustee is a trust […]

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