Uncover Hidden Traps in Your Living Trust: Virtual WORKSHOP!

Many of us haven't looked at our Living Trust in a long time, and life has a funny way of shifting your estate plan. This virtual workshop will open your eyes to hidden traps and problems that could be lurking within. 👉 Book a Call at www.cunninghamlegal.com/book-... for expert advice on your revocable living trust and other estate planning documents.
If you haven't reviewed your Living Trust in a while, you might be surprised to discover hidden traps, concerns and serious problems lurking within its pages. Life events such as births, deaths, marriages, divorces, and changes in business ownership can all impact the effectiveness of your Estate Plan. Join us at this virtual workshop, where you are invited to examine YOUR estate plan and learn where it may require essential updates. We'll discuss how life changes should influence your overall planning and teach you how to evaluate your Estate Plan on your own. Ensure that everything still aligns with your loved ones' best interests, and that you're not missing out on any tax benefits. Safeguard your assets and maintain the protection of your legacy! Open your plan and don't miss this informative workshop!
👉 Book a Call at www.cunninghamlegal.com/book-... to learn how to make a living trust, avoid California estate tax, and talk to a family trust lawyer.
SUBSCRIBE to California Estate Planning TH-cam Channel th-cam.com/users/CunninghamL...
CONTACT us at www.cunninghamlegal.com/calif... to discuss estate planning, keeping your last will or living trust up to date, and find out about upcoming California estate planning events. Offices throughout California.
WEBSITE: www.CunninghamLegal.com for California Estate Planning information
FREE LEGAL WEBINARS: www.CunninghamLegal.com/webinars includes Q&As with expert attorneys!
PHONE: [phone] for a consultation on a California Living Trust!
#cunninghamlegal #estateplanning #revocablelivingtrust
0:00 Introduction
3:01 General Estate
16:36 Health
24:50 13. Does Your Trust List an Outdated Trust Protector?
28:07 Do You Want to Add or Change Who-Gets-What When You Die?
36:50 Guardianship/Conservatorship
40:14 Has any tax or other law impacted your estate plan?
42:05 Assets
43:22 Did (or Will) You Start or Sell a Business?
45:22 Experienced Significant Financial Gains or Losses? Will You?
46:23 Did You Receive an Inheritance?
47:23 Asset Protection
48:10 Transferring a Property or Business to a Child
49:12 Funding! Are Your Assets Titled in Your Trust?
58:23 Contact Us!

[@lindaHalt1916]

Jim Cunningham you are a great disseminator. Thank you so much for sharing this valuable information ❣️

[@CunninghamLegal]

You are very welcome!

[@salthead3]

Jim, In quite a few videos, you've said that only assets that you bring into the marriage or inheritance are separate property, but what about income earned by that separate property. For example, interest in a separate property bank account. Isn't that also separate property?

[@CunninghamLegal]

Correct. Rents and other income from a separate property remain separate unless “transmuted,” or commingled. Separate property can become transmuted, and turn into community property. This can happen, for example, if an inheritor deposits their whole inheritance into a joint account with their spouse and uses the money for household expenses. You can read more here: www.cunninghamlegal.com/how-does-divorce-affect-estate-planning-in-california/

[@harrysegal306]

A lot of great Estate Planing info in this video! Thanks. Question can you refer me to the most recent contest case for a "mistake of fact" used to throw out a disinherited heir? What is the title of the video where you discuss a "mistake of fact"?

[@CunninghamLegal]

In California, the doctrine of "mistake of fact" is a legal principle that can lead to the invalidation of a trust or will if the grantor/testator made an error regarding a material fact when the will was signed. A material fact is any fact that could have impacted the person’s decision on how to distribute their property.
Examples of mistake of fact that can lead to the invalidation of a Trust or Will in California are erroneously believing that a child has passed away, assuming that a spouse has divorced them, overestimating the value of a property, and assuming that another beneficiary has died.
If you suspect that a trust or Will may be invalid due to a mistake of fact, it is essential to consult an attorney. An experienced attorney can provide legal advice and represent people in court if necessary. You can contact CunninghamLegal here if that is a service you require: www.cunninghamlegal.com/california-law-offices/contact/

[@Imsierrabound]

You didn’t mention appointing a trust as the beneficiary to an IRA or the benefits of an AB marital trust to protect up to 24 $MM of assets. I’d also be interested in information relative to Family LLC’s in California relative to some of traps in proposition 19..

[@CunninghamLegal]

Hi Marc, we have a webinar scheduled on this topic, and you can register here and watch it live!: www.cunninghamlegal.com/legal_webinars/ab-trusts-the-good-the-bad-and-the-ugly/.
Our Proposition 19 website page is here for more information: www.cunninghamlegal.com/california-legal-services/california-prop-13-protection-prop-19-strategy/
For immediate assistance, you can contact our office at www.cunninghamlegal.com/california-law-offices/contact/

[@danniebaker1118]

I'm live in San Diego do you have any office in San Diego

[@CunninghamLegal]

We do not have a physical office in the San Diego area, but we work very effectively via Zoom or a phone call. Please contact our office to learn more about our remote consultation options: www.cunninghamlegal.com/california-law-offices/contact/