Trusts and Estates
Ca. Trs. & Estates Quarterly Volume 9, Issue 1, Spring 2003
Content
- A Mechanism To Empty the Bypass Trust
- Federal Securities Laws and Administration of the Grantor Retained Annuity Trust
- Modification and Update of Simplified Chart of Distribution Choices Following Death of Participant of Qualified Plan/Ira Under Final Regulations
- Simplified Chart of Distribution Choices For Retirement Plans After Death of Plan Participant
- TAPPING THE TRUST TO FUND THE BATTLE: When Trustees Can Use Trust Funds To Litigate With Beneficiaries
- Naming the New Domestic Partner Rules
NAMING THE NEW DOMESTIC PARTNER RULES
By Mark Powell, Esq.*
According to the 2000 U.S. census, 5.5 million couples live together in the United States but are not married. The census identified 594,000 same-sex couple-led households, and one out of eight such households lives in California. More and more of these couples seek to solidify their relationships legally, and they will look for estate planners who are familiar with the issues that concern them. Most planners are already familiar with the estate planning techniques most helpful to domestic partners; they are the same tools used by married couples. Planners simply must learn to apply these tools aggressively, creatively and thoughtfully to overcome the personal issues and tax obstacles that unmarried partners face.
I. CALIFORNIA LAW EVOLVES
A. The "Old" Days