Probate
Oct. 5, 2017
Notice of proposed action can protect trustees
Families will always fight, and many of these disputes arise over money. This threat only increases with death, when the original owner of assets is no longer present to allocate money as they see fit.
Megan Lisa Jones
Email: megan.jones@withersworldwide.com
Loyola Law School
Megan is a tax attorney who specializes in estate and business planning. She was previously an investment banker at firms including Lazard Freres & Company.
Families will always fight, and many of these disputes arise over money. This threat only increases with death, when the original owner of assets is no longer present to allocate money as they see fit. A key aspect of advising trustees involves their self-protection from discontented beneficiaries. The California Legislature recently expanded the use of a notice of proposed action, one such tool. Assembly Bill 1700, which went into effect on Jan. 1, 2017, now allows a...
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