The California Court of Appeal (Sixth District) has clarified when a Trustee’s compensation can be limited in Thorpe vs. Reed, decided this month. Thorpe involved a special needs trust that had be created for Danny Reed, who had been the victim of two separate auto accidents. Danny’s mother, Jolaine Allen, was initially appointed the
"Special Needs Trust"
The Childish Balancing Act-How to Plan for Children in Your Trust.
Posted in Trust Creation
Children are a big part of Trust planning, and a big part of Trust litigation (lawsuits) when the planning falls apart (or is not done properly to begin with). There are many factors that affect planning for children, including age, marital status, health, legal or creditor issues, and level of responsibility (or rather perceived level…