Shareholder Andrew Verriere highlights Governor Newsom’s recently signed AB 1194, which expands the protections for conservatees and proposed conservatees in California. Among other things, (1) their attorneys are required to serve as advocates rather than advising the court on the attorney’s perception of what is in the conservatee’s or proposed conservatee’s best interests, (2) they can select their own counsel, and (3) provides for investigation of alleged abuse by fiduciaries with increased penalties for those found liable.
You can find a short update on the statute at Bloomberg Tax.
California law has long recognized a settlor’s right to restrict a beneficiary’s use of trust assets. Restraints on alienation, spendthrift clauses, shutdown clauses and wholly discretionary trusts are a few of the tools settlors may use when creating a trust for the benefit of someone likely to have creditor problems.
HBZ is delighted to announce the 3rd annual Diversity Scholarship.
At his presentation to the Sacramento Bar Association, Principal Ryan Szczepanik identifies a variety of tax pitfalls attorneys can fall into when resolving a dispute.