Successor Trustee

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What Trustee Options Are There Other Than Family?

2020-07-07T00:00:23+00:00

Hi, everybody. My name is Miranda Dressler and I am an attorney with the Law Offices of Bridget Mackay in Petaluma, California. Today, I am going to talk to you a bit about the option of choosing either a private fiduciary or a corporate fiduciary as the trustee of your trust. So, in most cases when we prepare an estate plan for people, you know, typically people will choose a friend. Or maybe a child or more than one of their children and name that individual person as the successor trustee of their trust. So, there are many reasons [...]

What Trustee Options Are There Other Than Family?2020-07-07T00:00:23+00:00

Why “Simple Trusts” Aren’t So Simple!

2020-07-06T23:57:47+00:00

Hi everybody, my name's Miranda Dressler and I'm an attorney with the Law Offices of Bridget Mackay in Petaluma, California. And today I'm going to talk to you a little bit about something that most every client I've ever met with initially says to me when I first sit down with them and that is, "well we're very simple. So, this should be a straightforward process or an easy process." And I think that what most people mean when they say "we're simple" is they're referring to their assets. We just have a house and a retirement account and [...]

Why “Simple Trusts” Aren’t So Simple!2020-07-06T23:57:47+00:00

Be Transparent with Your Children About Your Estate Plan

2020-06-29T22:27:55+00:00

Be Transparent with Your Children About Your Estate Plan 52% of adult children don’t know where their parents keep their estate documents, and  58% don’t know the contents. Parents’ mortality is an uncomfortable topic, but avoiding it can mean children do not know Where to find important financial documents How to pick up the reins of a family business The location of scattered assets What debts are owed Without transparency, heirs may be surprised at the distribution of assets or confused about how to share assets they inherited jointly. This can result in permanent family riffs. Parents and their adult [...]

Be Transparent with Your Children About Your Estate Plan2020-06-29T22:27:55+00:00

When Should You Review Your Living Trust?

2020-06-29T22:01:20+00:00

When Should You Review Your Living Trust? Hi there. Law Offices of Bridget Mackay, Bridget Mackay here in Petaluma, California. I practice in the area of estate planning and elder law. Today I want to talk about reviewing your trusts. If you're out there and you have a living trust. Maybe you got it done in the 90's. Maybe you got it done in the 2000's. Maybe you got it done in the 2010's. All of you should review this trust or have it reviewed with an experienced estate planning attorney. In our office we have clients back every [...]

When Should You Review Your Living Trust?2020-06-29T22:01:20+00:00

How Does A Successor Trustee Take Over A Trust?

2020-06-29T22:02:40+00:00

How Does A Successor Trustee Take Over A Trust? In this video blog, Petaluma Trust Attorney, Bridget Mackay discusses the authority needed to take over as a successor trustee. [Transcription] Hi there. Bridget Mackay here, I am an estate-planning attorney and elder law attorney in Petaluma, California. And, today I want to talk to you about a question I get somewhat often, and I got one, got it most recently. And that is, when someone asks how they can, they're the successor trustees to a trustee. So, let's just give an example of a parent created a trust named [...]

How Does A Successor Trustee Take Over A Trust?2020-06-29T22:02:40+00:00

I’m a Successor Trustee – Now What?

2020-06-29T22:06:48+00:00

I’m a Successor Trustee – Now What? Hi there. My name is Bridget Mackay. I'm an attorney in Petaluma, California, and I practice in the area of estate planning, probate, trust administration, and elder law. Today I'm going to talk about, "Oh, no! I am a successor trustee. And they need me now." What do you do? In one sense, being named a successor trustee is an honor because that person who's named you thinks highly of your skills and your integrity. In another sense, this honor can also be a very tough job. So, as a successor trustee, [...]

I’m a Successor Trustee – Now What?2020-06-29T22:06:48+00:00

Tips To Help Your Successor Trustee

2020-06-29T22:06:32+00:00

Tips To Help Your Successor Trustee Hi there. My name is Bridget Mackay. I am an attorney, and I practice in Petaluma, California, in the area of estate planning, and trust and probate administrations. Today, I'm going to talk about in my blog the little things that make a big difference to your successor trustee or executor. You have completed your will or your trust, and you feel everything's in order, and if it's a trust, all your assets have been transferred into it, and you can move on with the rest of your life. But another area in which [...]

Tips To Help Your Successor Trustee2020-06-29T22:06:32+00:00