Thursday, January 26, 2012

Living Trusts: What You Need to Know

Thursday, February 9, 2012, 7:00 p.m. — Californians choose living trusts to manage their family wealth. Learn how a living trust can ensure your loved ones continue to thrive through a crisis. As Californians age and "kidults" take longer to grow up, the older generation is increasingly concerned to ensure their hard-won assets are not needlessly dissipated by the next generation's serial divorces, profligate spending habits and addiction issues. How can you protect your grandchildren's ability to afford college through a living trust? How can you protect your adult child from a pushy new spouse? How can you support and incentivize your children's and grandchildren's highest purpose in life -- whether it's going to Harvard, becoming a plumber or being a stay-at-home mom? In this city of the nuclear family, how can we cement relations within our extended family so that our grandchildren grow up to be each others' closest allies? Back by popular demand, attorney ELIZABETH BOTSFORD’s program on Estate Planning in October at Crowell Library was very well received. She graduated with a law degree from the London School of Economics. She worked for Baker and McKenzie in Hong Kong, the European Commission in Brussels, Mishcon de Reya in London and has practiced law in California for well over a decade. Ms. Botsford qualified as a solicitor in England and Wales and is an active member of the California Bar. She recently completed a Masters degree in tax law (LLM Hons) at Loyola Law School in Los Angeles, graduating with Honors.