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Do you ever wish you could hit the reset button?  Do a do-over?  This often is the case with irrevocable trusts in California.  The problem is that irrevocable trusts are just that, irrevocable.  Meaning you can’t...

“I have returned.”  That’s what Douglas MacArthur declared on October 20, 1944, upon his triumphant return to the Philippines. It’s been some time since I’ve posted any comments on this blog.  I assure you, it...

The Problem There is an old saying, “you can’t take it with you.” You can’t necessarily give it away to your heirs either (if you live in the Golden State Of California), at least when it comes to certain firearms....

For those of you who have not heard, the artist formerly known as the “Artist Formerly Known as Prince” passed away recently. Apparently, the talented musician had a lot of money.  Some estimates are as high as $300...

According to Bloomberg Business, more Americans who are living outside the U.S. gave up their citizenship in the first quarter of 2015 than ever before. (see article here). The reason is that last year asset disclosure rules...

One of the most common reasons for challenging the validity of a will or a trust is lack of mental capacity. One can put in all the no contest clauses that they want.  If the signer doesn’t have mental capacity, the...

On July 8, 2010, Cleveland Cavaliers fans anxiously awaited the “Decision” of star NBA player LeBron James. In what turned out to be a made for television 75 minute spectacle of supreme narcissism, King LeBron pronounced...

I stumbled across an interesting piece this morning by Nick Lum on how Donald Sterling may actually benefit from a forced sale of the Los Angeles Clippers. The article can be found here. The author’s point is that if Donald...