New California Trust/Probate Update.
Estate of Cairns.
Summary: The five or five provision in a decedent's will, which authorized a trust beneficiary to elect an annual receipt of the greater of $5,000 or five percent of the value of the trust principal allowed the distribution to include not only cash, but also an interest in real property.
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Covering news relating to legal developments; directors and officers; audit committees; governance, risk and compliance; accountants; accountability; California trust, estate and elder updates; and assorted related business and social issues. Please tell friends and colleagues.
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- David Tate, Esq.
- San Francisco, California (and beyond)
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