The Daily Journal quoted Michael Artinian in a product liability case.
Your parent(s) set up a living trust and named you as the “successor” trustee. That’s the easy part. The hard part comes after the parent/settlor’s death, when you are now faced with administering the trust, preparing an estate tax return, selling and reinvesting assets per the Uniform Prudent Investor Act, paying debts, prosecuting claims, obtaining
FACTS: Custom Home Builders, a general contractor, built a single-family residence in Pacific Palisades area of Los Angeles pursuant to a written construction contract with Premier Homes, the developer. The residence was not built specifically for plaintiff Burch, but instead was built to be marketed to the general public. After the construction was completed and
If Mr. Smith has a judgment entered against him, and he decides you create an irrevocable trust, the greater will be your chances of success. In California, Probate Code §15304 (the “self-settled trust rule”) provides that an irrevocable trust in which the settlor is also a beneficiary is invalid against the settlor’s creditors, at least to
You have been served with a summons and complaint by an unhappy customer, business competitor, neighbor, guest injured on your premises, or some total stranger. You believe the lawsuit is frivolous and that the court will eventually rule in your favor. However, until then, you are worried about paying expensive legal bills. As insurance coverage
Our firm recently obtained a large, 6-figure breach of contract award on behalf of a professional woman who filed suit more than 4 years from the date of the first breach. We successfully argued that the subject business and employment agreements were executory agreements, and as such, our client was not required to sue on