The important role of a trustee is crucial to the successful administration of a trust. A trustee is “trusted” individual who is responsible for making sure the provisions of the trust agreement are followed. Trustees are basically responsible for management of the trust property, including maintaining accurate records of every transaction taken that relates to [ ] The post Trust Administration Attorneys Can Handle Administration Issues appeared first on Northern California Center for Estate Planning and Elder Law.
When a loved one suffers a mental impairment, it is only a matter of time before they need help taking care of their own personal and financial affairs. Some of the common signs of diminished capacity include disorientation and memory loss. If you begin to see these signs, it may be time to consider taking [ ] The post Elder Law Attorneys Handle Difficult Elder Law Issues appeared first on Northern California Center for Estate Planning and Elder Law.
When a parent becomes mentally impaired, it is only a matter of time before they need help taking care of their own personal and financial affairs. Some of the common signs of diminished capacity are disorientation and memory loss. When you see these signs, it may be time to consider taking steps to provide necessary care. It would be best, however, to make plans ahead of time. Whichever course you take, there will be many difficult issues ahead, but your elder law attorney can help. No. 1 – Starting the incapacity planning conversation with your parents The first step you should take, before actually starting the conversation, is to talk to all involved family members to make sure you are all on the same page. Resolve any misunderstandings or disputes ahead of time so that you can approach your parents with a united front. Doing so should reduce the risk of putting your parent on the defensive. This doesn t mean the entire family needs to be in on the conversation. The planni
Sometimes adults become unable to handle all of their own affairs due to incapacity. Under these circumstances, in California, the matter of conservatorship enters the picture. In California, a conservator is someone who is appointed by a court to make decisions on behalf of someone who is incapacitated. In some states, a guardian would be appointed to handle personal decision-making, and a conservator would manage the financial affairs of a ward. In California, a conservator would handle all types of decision-making for an incapacitated adult. In our state, a guardian is someone who would manage the affairs of a minor child. Disadvantages of a Conservatorship If people close to you felt as though you were unable to make sound decisions on your own, they could petition the state to appoint a conservator to manage your affairs. On the one hand, this is a positive safeguard. On the other hand, there are numerous disadvantages that can present themselves. One of them is the simple ma