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Spendthrift Trusts, Limited Protection for Deadbeat Beneficiaries

May 09, 2017
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statecreative
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Spendthrift Trusts, Limited Protection for Deadbeat Beneficiaries

Speaker: Margaret M. Hand

May 17, 2017, 12 – 1 P.M.
Santa Clara Probate Courthouse, Dept. 12, 191 North First Street,
San Jose,  CA

AND

May 18, 2017, 12 – 1 P.M.
El Dorado Planned Giving Committee  –  Serrano Country Club,
5005 Serrano Pkwy, El Dorado,  CA

California law has long recognized a settlor’s right to restrict a beneficiary’s use of trust assets. Restraints on alienation, spendthrift clauses, shutdown clauses and wholly discretionary trusts are a few of the tools settlors may use when creating a trust for the benefit of someone likely to have creditor problems. Using colorful stories about deadbeat beneficiaries, Margaret M. Hand will discuss the use of these tools, describe those circumstances in which they work well and describe those circumstances in which they are of limited or no use.

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HBZ is delighted to announce the 3rd annual Diversity Scholarship.

Congratulations to Margaret M. Hand, named to Best Lawyers in America for 2020. Ms. Hand was also recognized as Lawyer of the Year for achieving the highest overall peer feedback.

John L. McDonnell, Jr. named to Best Lawyers in America for 2020. Recognized for his professional abilities, John was nominated by leading lawyers in the Trusts & Estates practice in Northern California.