SB-909 Uniform Trust Decanting Act
SB 909, Hertzberg. Uniform Trust Decanting Act. Existing law regulates trust administration and generally requires a trustee to administer the trust according to the trust instrument. Under existing law, a trustee may exercise specified powers without court authorization, including the power to acquire or dispose of property. Existing law authorizes the beneficiaries of an irrevocable trust to compel modification of the trust upon petition to the court, if all beneficiaries o
VA Aid and Attendance Net Worth and Asset Transfer Regulations
On September 18, 2018, the Department of Veterans Affairs (VA) published its final rules amending 38 CFR Part 3, regarding net worth, asset transfers and income exclusions for needs-based benefits. These new regulations will become effective October 18, 2018 and will not apply to transfers made prior to October 18, 2018. This article provides an overview of the changes made by these regulations. The regulations can be found at: https://www.va.gov/ORPM/docs/20180918_AO73_Net
New Rules of Professional Conduct
On September 26, 2018, the California Supreme Court issued an order approving new Rules of Professional Conduct, which are effective on November 1, 2018. The current rules remain in effect until that date. The new rules can be found at: http://www.calbar.ca.gov/Attorneys/Conduct-Discipline/Rules/Rules-of-Professional-Conduct/New-Rules-of-Professional-Conduct This email sets forth a few of the noteworthy rules. Rule 1.4.2 Disclosure of Professional Liability Insurance: (a) A l
