Not everyone gets along with their close family members. Some parents and children may become estranged, or siblings may have strained relationships that go beyond simple rivalry. As a result, when individuals create their wills and other estate planning documents, they may think about disinheriting those close family members.
Banks can act as executors during probate
It can take a lot of work to close an estate. Some California residents may not want to place that responsibility on a loved one or may not feel that a loved one wants to take on the role of executor. Fortunately, individuals can appoint almost anyone to handle their probate proceedings, and in some cases, parties choose to utilize banks or other professionals.
When an incentive trust can work
Incentive trusts can prove controversial for a few reasons. If you're considering one, it's important to consider how and when it may work -- and when it will not.
