Trust

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Why “Simple Trusts” Aren’t So Simple!

2020-06-29T22:18:45+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!2020-06-29T22:18:45+00:00

I’ve Been Appointed Trustee. Now What Do I Do?

2020-06-29T20:44:18+00:00

I’ve Been Appointed Trustee. Now What Do I Do? Hi everybody, Miranda Dressler here. Attorney with the law offices of Bridget Mackay in Petaluma, California. And today I'm going to talk to you about what to do if your parents have told you that they've named you as their trustee in their trust. If your parents have told you as much that they've named you as trustee in their estate plan what do you need to do? What are the steps you need to take? Well, you know, typically you should know how the trust is set up. For [...]

I’ve Been Appointed Trustee. Now What Do I Do?2020-06-29T20:44:18+00:00

Estate Planning Myths Part Four – We’re All Good!

2020-06-29T22:36:16+00:00

Estate Planning Myths Part Four - We're All Good! Hi there. Bridget Mackay, the Law Offices of Bridget Mackay here in Petaluma, California. We practice in the area of estate planning and elder law. And this is the last in my series of four on the still existing myths about estate planning. And this last one is really important, like all the other three are. And it's basically that myth that once I have a plan in place, we're all good. Once you complete your estate plan, whether that's a Will or a Trust, you need to revisit it. [...]

Estate Planning Myths Part Four – We’re All Good!2020-06-29T22:36:16+00:00

Estate Planning Myths | Part One of Four

2020-06-29T22:36:55+00:00

Estate Planning Myths | Part One of Four Hi there. Bridget Mackay, the Law Offices of Bridget Mackay in Petaluma, California. We practice in the area of estate planning and elder law and these next series of blogs I'm going to do are on sort of the four myths about estate planning. One of the biggest ones I run across is you have to have a lot of money or things to make a trust or an estate plan. And that really is simply not true. Many people get trusts that aren't multimillionaires or billionaires because there are other [...]

Estate Planning Myths | Part One of Four2020-06-29T22:36:55+00:00

Living Trust Vs Will In California – Lessons Learned From GoT

2020-06-29T22:19:20+00:00

Living Trust Vs Will In California – Lessons Learned From GoT Hi there, Bridget Mackay here again. Following up on our Game of Thrones theme and how it applies to estate planning. I'm an attorney in Petaluma and I practice in the area of estate planning and elder law. We last talked about not doing a "do-it-yourself" will like King Robert Baratheon did in Season one. Following along with that, if we look at the Stark family. Don't stop at a will. It's really important for you to maybe do a thorough trust and take care of everybody in [...]

Living Trust Vs Will In California – Lessons Learned From GoT2020-06-29T22:19:20+00:00

Six Estate Planning Tips For New Parents

2020-06-29T22:37:53+00:00

Six Estate Planning Tips For New Parents There are a million ways your life changes when you have a child, and one of the things you must think about now is planning your estate. Here are some of the key issues to consider. Make a Will and Appoint a Guardian Probably your most important concern is to appoint a guardian for your child should something happen to you and your child’s other parent. In order to do that, you need a Will. If you already have a Will, you will want to amend it to provide for your child and [...]

Six Estate Planning Tips For New Parents2020-06-29T22:37:53+00:00

Nine Things All Business Owners Must Know About Estate Planning

2020-06-29T22:30:04+00:00

Nine Things All Business Owners Must Know About Estate Planning It’s never too soon to begin estate planning, especially if you are a small business owner. It’s likely that a great deal of your wealth and that of your family is tied up in your business. Should you die or become incapacitated without a plan for your business in place, your family may suffer significant financial loss and legal burdens. When you die or retire, do you want to terminate your business, pass it down to the next generation or sell it? Are you a sole owner or a partner [...]

Nine Things All Business Owners Must Know About Estate Planning2020-06-29T22:30:04+00:00

The Hidden Danger of Living Wills – The Publicity of Probate

2020-06-29T22:25:03+00:00

The Hidden Danger of Living Wills – The Publicity of Probate [Transcription] I want to talk a little bit about wills and the publicity of having a probate. Hi there, Bridget Mackay of the Law Offices of Bridget Mackay in Petaluma, California working in estate planning and elder law. And in the past, I've talked several times on video blogs and written blogs, the benefits of a trust over a will. And basically, the benefits of even just doing some level of estate planning, at a base level a will. However, I want to talk a little bit about [...]

The Hidden Danger of Living Wills – The Publicity of Probate2020-06-29T22:25:03+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

Estate Planning Basics: What’s a Fiduciary?

2020-06-29T22:43:41+00:00

Estate Planning Basics: What’s a Fiduciary? Fiduciaries are everywhere in estate planning. If that’s your first time running across the word “fiduciary,” you’re not alone. It’s not one that we often hear in everyday conversations. But it is one that you should at least have a basic familiarity with when engaged in estate planning. Put briefly, a fiduciary is a person who acts on another’s behalf, subject to the other’s direction, and owing to that other person some very serious obligations that get the special name of “fiduciary duties.” To help you understand the concept in a little bit more [...]

Estate Planning Basics: What’s a Fiduciary?2020-06-29T22:43:41+00:00