Trusts and Estates
Ca. Trs. & Estates Quarterly 2020, Volume 26, Issue 1
Content
- Ing Trusts and the State of California
- Practitioner's Guide To Preserving the Latino Legacy
- Shall We Check His Text Messages? the Growing Trend of Creating Wills In the Digital Age
- High Value Estates: Proposal For Compensating Personal Representatives and Attorneys For Ordinary Services In Probate Estates That Exceed $25 Million
- Editorial Board
- Tax Alert
- 2019 Legislation: the Cost To Be a Lawyer Just Got Higher and Other Important Legislative Updates For Trusts and Estates Practitioners
- Chairs of Section Subcommittees
- From the Editors-in-chief
- Inside this Issue:
- From the Chair
- Litigation Alert
ING TRUSTS AND THE STATE OF CALIFORNIA
Diana M. Hastings*
MCLE Article
I. INTRODUCTION
Many clients wish to create trusts that benefit children or other beneficiaries but are concerned about later needing those assets themselves. Preserving the right to receive distributions, however, may expose the client’s assets to his or her creditors. Moreover, some clients are hampered in such planning by the undesirable payment of gift tax that an irrevocable gift could entail. A client may solve these problems by creating an irrevocable trust in a jurisdiction that allows the client/grantor to receive trust distributions without losing creditor protection. These trusts are commonly referred to as "ING Trusts."1