Trusts and Estates
Ca. Trs. & Estates Quarterly VOLUME 30, ISSUE 3, 2024
Content
- Chairs of Section Subcommittees
- Editorial Board
- Inside This Issue
- Is Probate Dying? a Look At Ab 2016 and a Survey of Probate Administration Statutes For California Practitioners Preparing For the Future
- Letter From the Chair
- Letter From the Editor
- Litigation Alert
- McLe Self-study Article: Combining Trusts To Reduce Complexity and Costs Can Be Harder Than You Think
- McLe Self-study Article: Creation, Exercise, and Transfer Tax Considerations of Powers of Appointment
- Tax Alert
- Tips of the Trade: Training Wheels Money
TIPS OF THE TRADE: TRAINING WHEELS MONEY
Written by Bruce Givner, Esq.* and Owen Kaye, Esq.*
I. SYNOPSIS
The purpose of this article is to address the all-too-common problem created when affluent parents leave their children in complete ignorance about the wealth the children will inherit after the surviving parent’s death. As a result, the children are ill-prepared for how to manage that wealth, and the parents have missed the opportunity to help them plan for a prosperous future.
A. Common Fact Situation