You've probably heard that "It's not what you say, it's what people hear."
Public opinion guru Dr. Frank Luntz is making a career from this truth - he explains that
he is "testing language and find(ing) words that will help his clients" explain their
products or public issues.
So, we now have a new word when talking about California trust law, issues, modifications
and transfers.
It's a word that we might say, but not necessarily hear or understand.
The word is "decanting."
The word's general usage is associated with wine - pouring wine from one bottle into a
carafe to remove sediment and allow it to breathe.
California now gives new meaning to the word in its recently enacted Uniform Trust Decanting
Act.
The Legislative Counsel explains that the Act allows "a fiduciary of an irrevocable
trust ...(to) distribute the property of a first trust to one or more 2nd trusts or modify
the terms of the first trust without the consent of the beneficiaries or approval of the court,
subject to certain exceptions."
In essence, California has just become more trust-friendly.
Now, there's a lot of legalese in the new statutory framework.
We're fortunate that a number of other states enacted decanting laws before California and
there are more down to earth explanations as to how they apply.
A Forbes article written long before California's statute well states the generic advantages
of decanting: "Although it's certainly not a 'blank check,'
there are a number of problems that decanting can 'fix,' some of which also can be resolved
utilizing the previously mentioned techniques: Update or modify trust provisions.
Improve trust administration or management.
Correct drafting errors.
Address changed circumstances.
Remove unworkable restrictions.
Change provisions relating to trust powers and trustee succession.
Achieve tax savings.
Change trust situs.
Combine or divide trusts.
GST (Generation-Skipping Tax) Planning."
The new California law on decanting will not generally involve the courts.
These user-friendly provisions should provide time and cost savings in fixing broken trusts.
We believe that California's new decanting framework will also be helpful in resolving
estate wrongdoing, violations of trust beneficiary rights, and elder financial abuse.
At Hackard Law we take substantial cases where we think that we can make a significant difference
and there is a wrongdoer who can be made accountable for their actions.
We regularly litigate in California's major urban areas, including Los Angeles, Alameda,
Santa Clara, San Mateo, and Sacramento.
If you would like to speak with us about a trust matter that is troubling you or your
family, call us at 916 313-3030.
We'll be happy to hear your story.
For more infomation >> California's New Decanting Law | Fixing Broken Trusts - Duration: 3:34.-------------------------------------------
Dead Kennedys - California Über Alles - PARÓDIA (Tradução PT) - Duration: 3:50.
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California Farmers Fed Up With Democrats, Erect Billboard To Send Bold Message - Duration: 4:33.
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WATCH: 1,000 Brooding Octopuses Found Off California Coast - Duration: 2:10.
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The California State Library is here to serve you - Duration: 0:43.
Since 1850 the California State Library has served as an important source of
accurate, up-to-date information for the residents of the Golden State. Whether
you're looking for government documents or research reports, grant information,
historic photos and records, details about laws, or even digital books for the
visually impaired, the California State Library is here to serve you.
Visit us 9:30 to 5:00 in the Stanley Moss Library and Courts Building at 914
Capitol Mall or make an appointment online to receive individual assistance
from the staff of one of our specialized reading rooms.
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Hay Stalls to Malls in El Centro, California, I-8, 4th St & Danenberg Rd, 24 October 2018, GP010477 - Duration: 19:58.
Exit 111, Forrester Rd, Next Exit, NAF El Centro
24 October 2018
El Centro, California
Agricultural Field
Westmorland, Next Right
Exit 111, Forrester Rd
Imperial County S30
Freeway Entrance, Interstate 8 West
Freeway Entrance, Interstate 8 East
Canal
Irrigation Canal
Exit 114, Imperial Ave, Exit 1 mile
Imperial Ave, El Centro, Next Exit, Rte 8 Business
Imperial, Brawley, Next Right, Fairgrounds
Imperial Valley Honda, 664 Thomas Lane, El Centro, CA 92243 ivhonda.com (760) 482-3265
Exit 115, CA-86, 4th St, Next Exit
Imperial Valley Chevrolet Buick GMC Cadillac, 602 Wake Ave, El Centro, CA 92243 ivgm.com (760) 482-3200
Comfort Inn & Suites
National Guard Armory
iHop, 2362 S 4th St, El Centro, CA 92243 restaurants.ihop.com (760) 352-1100
Panda Express
In-N-Out Burger
4th St
7 Eleven
Danenberg Rd
El Centro Police
Hay Tents
Railroad Track
Hay
Wilbur-Ellis, 45 West Danenberg
TownePlace Suites, Marriott, 3003 South Dogwood Avenue, El Centro, CA 92243 marriott.com (760) 370-3800
Fairfield
Fairfield Inn & Suites, Marriott
Starbucks Coffee
Imperial Valley Mall
Plaza Drive
Sears Auto Center
Payless
Kirkland's
Ross Dress for Less
Marshalls
Staples
Burlingtons
dd's Discounts
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