Spousal Lifetime Access Trusts & Closely Held Businesses

Principal Ryan Szczepanik discusses the value of dedicated trusts and estates firms in a new article on The Recorder.

In his article for The Recorder, Principal John Hartog examines the recent passage of Proposition 19 and its tax implications.

Many trustees employ counsel to provide advice on dealing with and responding to inquiries from beneficiaries. Trustees may believe that their communications with and advice from counsel are confidential and cannot be disclosed to the beneficiaries without their consent. The recent court decision in Fiduciary Trust International of California v. Klein (2017) 9 Cal. App. 5th 1184 is a cautionary tale that warns trustees against assuming that all communications with an attorney are confidential.