Tag: Probate Code Section 21102

Put It on My Tab – When Is a Lifetime Gift in California an Advancement Against Inheritance?

A primary purpose of estate planning is to determine what a child will inherit (if anything) upon a parent’s death.  But what about a gift given during the parent’s life?  Is it an advance on the child’s inheritance, like putting it on the child’s tab until the trust is cashed out?  Or is the gift … Continue Reading

California Courts Interpret Ambiguous Trust Documents by Stepping Into Creator’s Shoes

Guest author Karina Stanhope, a former Downey Brand associate, contributes today’s post. Trust documents should be customized to serve the estate planning objectives of those who create them. While Parent One may want all of her assets to be distributed in equal shares to her children, Parent Two may want to exclude a child from … Continue Reading
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