Fiduciary Accounting: The Things They Would Not Let Me Say in the Book

The Federal Government assesses a tax on assets that are gratuitously transferred to another person. Assets transferred during the donor's lifetime are subject to gift tax.

In his article for The Recorder, Dave Parnall examines the basics of contempt of court. Dave’s article focuses on the process through which a court investigates a contempt charge, with examples of improper conduct and other procedural points.

Spendthrift Trusts, Limited Protection for Deadbeat Beneficiaries. - 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.