ORINDA, Calif., Nov. 12, 2020 – HBH Principal David Little was elected as a Fellow of the American College of Trust and Estate Counsel (ACTEC). Little’s appointment makes him the fifth HBH attorney elected to ACTEC, joining Principals John A. Hartog, David W. Baer, Margaret M. Hand and Of Counsel John L. McDonnell Jr.
“David’s ascension to the ACTEC fellowship is truly indicative of the great work he does and the effort he has put into building his knowledge base and expertise in the trusts and estates field,” said Hand. “We are proud to welcome him to ACTEC and congratulate him on this significant achievement.”
ACTEC is a group of peer-elected trust and estate attorneys across the United States and abroad. Fellows must have more than 10 years of experience in probate and trust law or estate planning. Lawyers and law professors are elected Fellows based on their outstanding reputations, exceptional skills and substantial contributions to the field, evidenced by lecturing, writing, teaching and participating in bar activities. It is the organization’s aim to improve and reform probate, trust and tax laws, procedures and professional responsibility.
Owners of traditional Individual Retirement Accounts (IRAs) may use a special rule to achieve substantial income tax savings while benefiting charities of their choice. They may transfer up to $100,000 from their IRAs to charitable organizations without incurring income tax on the IRA withdrawal
The closure of nearly all superior courts in California and limitations on court filings have raised a practical issue for parties.
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.