Category: AAC

Divorce is a hot topic lately. As couples emerged from quarantine in China in March, divorce rates spiked – and there no reason to assume the results will be any different here in California. Assisting a divorcing client means assembling the right team of professionals. It is critical to assist a divorcing client in risk…

We know it’s hard. Thinking about someone else raising your children can stop you in your tracks. It feels crushing and too horrific to consider. But you must. If you don’t, a stranger will determine who raises your children if something happens to you – your children’s guardian could be a relative you despise or…

Should Your Child’s Guardian and Trustee Be the Same Person? If you have overheard any discussion about estate planning, you have likely heard the words “guardian” or “trustee” tossed around in the conversation. When it comes to estate planning, who will be ultimately in charge of your minor child is an important decision that requires…

Choosing the right successor trustee is critical. Clients often believe that a family member or friend who works in finance or the law is the perfect option, but they fail to take into consideration the interpersonal dynamics that are often the biggest part of a successor trustee’s job. Managing beneficiary expectations with administrative duties is…

If you find yourself in the “sandwich generation” (caring for your children and your parents simultaneously), you need to know whether or not your parents have put together an estate plan. While the decisions your parents make about their estate plan (who gets what, who is in charge) is their own business, creating an estate…

Sunday, March 8th is International Women’s Day, and in the US the month of March is “Women’s History Month”. I am thinking a lot about the specific issues that women, who are most often in the role of caretakers, face in our society and how I can contribute my talents and expertise as an estate…

Cultivating meaningful professional relationships is important to me. The better my network of attorneys, finance and insurance professionals is the better I am able to counsel my clients and spot and mitigate risk. Lydia Hsu is a family law attorney in San Jose. Her firm is Foster Hsu. She sent me the information below. I…

Practical Legal Management: Trust Accounting 101 I will not be quoting rules and citing case law. The purpose of this article is to give best practices for managing Client Trust Accounts in California Law Firms. We have found in our work that law firms sometimes need guidance on trust account management. Firms do not intentionally…