In a recent episode of Ask 2 Lawyers, we tackle the latest development in Reggie Bush’s ongoing lawsuit against the NCAA and USC. Bush, the former USC football star and NFL player, is suing for the exploitation of his name and image without compensation. For years, the NCAA and USC profited immensely from Bush’s stardom […]
So, are they frozen? No, trust assets are not automatically frozen when you file a trust contest lawsuit (or any other type of trust lawsuit). In order to freeze trust assets, you must file for a temporary restraining order and preliminary injunction. These are rarely granted but can be obtained in certain cases. Freezing assets […]
In a major development in the Girardi & Keese fraud case, Christopher Kamon, the former CFO of Tom Girardi’s now-defunct law firm, recently pled guilty to two counts of wire fraud. This outcome wasn’t much of a surprise, as many had long suspected Kamon’s role in embezzling millions of dollars from the firm’s client trust […]
You may be surprised that a trustee can sell a home that is titled in the name of the trust without your consent. The trustee is the legal owner of the trust assets, they manage the trust assets, control them, and call all the shots. A trust beneficiary is the beneficial owner of the trust […]
Nothing is more troubling than a trustee who fails, or worse yet refuses, to account. The California Probate Code, along with most trust documents, require the trustee to account annually to the trust beneficiaries. The required trust accounting also must be in a set format outlined under Probate Code sections 1060 through 1063. The format […]
When it comes to trusts it can often seem like trustees are all powerful. But are they really? The answer may surprise you. So let’s discuss, how powerful is a trustee? On the one hand, trustees do have a tremendous amount of power over the trust and its assets. In legal terms, they are referred […]
Our podcast is newly rebranded! Introducing, Ask 2 Lawyers. The show will continue to cover a variety of interesting topics including legal news, probate law, celebrity estates, aviation, living and much more. Starting today, the podcast will have accompanying livestreams on our YouTube channel where you can bring all of your questions and interact with […]
We had the pleasure of sitting down to talk with Amanda Bronstad of Law.com about the Tom Girardi criminal trial involving his alleged theft on client settlement money. Amanda was in the courtroom in Los Angeles over the two weeks of the trial. She tells us all about this case – the defense strategy, uncovering […]
Should a trustee tell you what is happening in the trust administration? Of course they should, but all too often trustees use information as a weapon and keep their beneficiaries in the dark. It is easy to spot a good trustee because there is a transparent, free flow of information. Bank statements, brokerage statements, closing […]
You are the lucky recipient of a generous inheritance, but that inheritance may come with a big catch. While many inheritances are given to the beneficiaries outright, meaning the money or other assets pass into the beneficiaries’ names to own and control, some trusts require inheritances to remain inside a trust for the lifetime of […]
