Family Law Richard E. Young & Associates

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Is It Worth Changing Court Orders?

October 9, 2024 / / 0 Comments

Court orders often seem like a permanent solution to legal disputes. However, in reality, they are more flexible than they appear. Especially in family law, where circumstances evolve, these orders can change over time. Whether it’s a custody arrangement or visitation schedule, life’s changes demand a closer look at whether these rulings still make sense. But is it worth the effort to modify a court order? In this month’s blog, we’ll talk about when it makes sense and when it might not.

When Should You Consider Changing a Court Order?

There are situations where changing a court order isn’t just worth it, but necessary. Most commonly, these changes occur in family law when child custody ends or spousal support needs adjusting. Let’s break down the most common reasons and steps involved in modifying court orders.

  1. Significant Life Changes

A key reason to seek a court order modification is a substantial change in circumstances. If someone’s income has significantly decreased or a parent relocates, for example, continuing with the existing order may no longer make sense. Courts are generally willing to listen when the original situation has shifted dramatically.

2. Modifying Your Parenting Plan

Modifying a parenting plan is one of the simpler changes to make in Family Court. If you and your ex-spouse see eye to eye, you can both submit an updated parenting plan for the court to approve and have the Judge sign off on it. Here’s how the process works.

However, if you and your ex don’t agree, things can get more complicated. Instead of just filing paperwork, you’ll need to request a court hearing. In this case, it’s a good idea to contact your Lake Forest divorce attorney for guidance.

The Legal Process of Modifying Court Orders

While it may seem daunting to change a court order, it’s not as difficult as many believe. The court’s intention, after all, is to protect your children. That being said, the court must be convinced that the change is both necessary and in the best interest of any children involved. Additionally, the individual requesting the change must present evidence to support their case to ensure smoother sailing later.

Related: Learn more about how unfit parenting is defined here.

Is It Worth It?

The question remains: is it worth changing a court order? In many cases, the answer is yes—especially when the current order no longer fits life’s reality. However, it’s important to weigh the potential costs when changing or reducing custody-related conflicts. Battles over modifications can take a toll on all parties involved, so hiring a seasoned Lake Forest family law attorney is necessary.

Allow Family Law Richard E. Young & Associates to Help You

If you’re facing a situation where modifying a court order is necessary, contact Family Law Richard E. Young & Associates at (949) 951-9529 for expert assistance. Court order modifications are often kept under the radar, but they are a crucial part of ensuring that legal arrangements stay relevant as life changes. Let us help you!

The Role of a Trustee: Responsibilities and Duties Explained

September 6, 2024 / / 0 Comments

A trustee plays a crucial role in managing and administering a trust, ensuring that the wishes of the trust’s creator (the settlor) are honored and that the beneficiaries’ interests are protected. Whether the trust is set up for estate planning, asset protection, or charitable purposes, the trustee acts as a fiduciary, meaning they are legally bound to act in the best interests of the beneficiaries.

The role comes with significant responsibilities and demands trustworthiness, financial acumen, and a clear understanding of legal obligations. Understanding the duties of a trustee can provide clarity for those considering taking on the role or appointing someone to manage their trust.

1. Fiduciary Responsibility

As a fiduciary, a trustee is legally bound to act in the best interests of the beneficiaries at all times. This requires a high level of trustworthiness and ethical behavior, as well as sound financial judgment. The trustee must put the needs of the beneficiaries above their own and make decisions that align with the goals outlined in the trust document. Failure to uphold fiduciary duties can result in legal consequences and damage the trustee’s relationship with the beneficiaries.

2. Managing Trust Assets

A primary responsibility of the trustee is to manage and protect the trust’s assets. This involves making prudent investment decisions to ensure the assets grow while minimizing risk. The trustee must also maintain accurate records of all financial transactions related to the trust, providing a clear trail of how funds are being managed. Regular reports to the beneficiaries about the trust’s financial status help maintain transparency and ensure that the trustee is fulfilling their obligations in accordance with legal and ethical standards.

3. Distributing Income and Principal

The trustee is responsible for distributing the trust’s income or principal to beneficiaries as outlined in the trust document. This requires a deep understanding of the settlor’s intentions and a fair balancing of the needs of all beneficiaries. Trustees must carefully follow the terms of the trust to ensure that distributions are made in a timely and appropriate manner. This responsibility also involves making decisions that benefit both current and future beneficiaries while keeping the long-term sustainability of the trust in mind.

4. Legal Compliance

Trustees must ensure that the trust complies with all applicable local, state, and federal regulations. This includes filing annual tax returns for the trust and paying any necessary taxes on time. As tax laws and regulations can change, trustees are expected to stay informed and adjust the trust’s operations accordingly. Failing to comply with legal requirements can result in financial penalties and legal complications for the trust and the trustee.

5. Guardian-Like Responsibilities

If the trust is created to benefit minors, the trustee may also take on responsibilities similar to those of a guardian. This can include overseeing the financial well-being and day-to-day needs of the minor beneficiaries. The trustee is expected to act in the best interests of the minors, ensuring that their funds are used appropriately for education, healthcare, and other essential needs.

6. Ethical and Legal Accountability

Trustees must act in both an ethical and legal manner at all times. They are accountable not only to the beneficiaries but also to the courts and regulatory bodies that oversee trust administration. Trustees are expected to act with integrity, follow the law, and carry out the terms of the trust faithfully. Any breach of this responsibility can result in serious legal consequences, including removal as trustee or personal liability for any financial losses incurred by the trust.

Related: “Living Trusts vs. Wills: Which Is Right for You?”

Conclusion

At Family Law Richard E. Young & Associates, we’re here to help you understand the complexities of trusteeship and assist you with your legal needs. If you have questions about your role as a trustee or need guidance in appointing one, contact us at (949) 951-9529 or visit our website at richardeyoungattorney.net. We are ready to provide expert advice and ensure your trust is managed with care and integrity.

Is Alimony Always Awarded in a California Divorce?

August 2, 2024 / / 0 Comments

When it comes to spousal support or alimony, the question of whether it is always awarded in a divorce or not frequently comes up. In California, the answer isn’t as straightforward as one might hope. It’s not a given that alimony will be awarded in every case. Instead, it’s a decision made based on several factors and circumstances unique to each marriage. In this month’s blog, we will walk you through how alimony works in California.

Alimony concept. An envelope with cash on a table.

The Basics of Alimony in California

Alimony is intended to provide financial support to a spouse who may need it following a divorce. The idea is to ensure that both parties can maintain a standard of living reasonably close to what they enjoyed during the marriage. However, alimony isn’t automatically granted; it’s subject to judicial discretion and evaluation of multiple factors.

When considering spousal support, California courts look at the length of the marriage, the earning capacity, and the needs of each party. They also use phrases like “reasonable period of time” and “reasonable” to determine how long a supported spouse might need to be supported. 

Related: Learn more about alimony and child support here.

Temporary vs. Permanent Alimony

In California, there are different types of alimony that can be awarded: temporary and permanent. Temporary alimony, often referred to as “alimony pendente lite (APL),” is support awarded during the divorce process to help the lower-earning spouse maintain financial stability until the divorce is finalized. This type of support aims to keep things as stable as possible during a tumultuous time.

Permanent alimony, on the other hand, is awarded as part of the final divorce decree. However, the term “permanent” can be misleading because it doesn’t necessarily mean lifetime support. Instead, it can last for a specified period, particularly in marriages of shorter duration. For longer marriages, there’s a greater likelihood that support will be awarded for an extended period, but even then, it’s subject to modification.

Alimony sign on a black piece of paper and money.

Modifying or Terminating Alimony

Circumstances can change, and with them, so can alimony arrangements. In California, either party can request a modification of alimony if there’s a significant change in circumstances. This could include a change in income, employment status, or even the financial needs of the recipient. Additionally, factors such as the remarriage of the recipient or the death of either party can influence the division of retirement accounts and the termination of related alimony payments in a California divorce.

Related: Learn more about how the division of retirement accounts works in a California divorce here.

Conclusion

This process can be stressful and confusing, but Family Law Richard E. Young & Associates is here to help. We help you whether you are the paying party or the receiving party. Our lawyers represent clients in Lake Forest, CA, and other communities throughout Orange County. Call us at (949) 951-9529 or visit our website at richardeyoungattorney.net to schedule a consultation.

Living Trusts vs. Wills: Which Is Right for You?

July 10, 2024 / / 0 Comments

When it comes to estate planning, one of the most critical decisions you’ll make is choosing between a living trust and a will. Both tools serve the essential purpose of distributing your assets after your death, but they do so in different ways and offer distinct advantages and disadvantages. Understanding the nuances of each can help you decide which option aligns best with your needs and goals.

What is a Living Trust?

A living trust, also known as a revocable trust, is a legal document created during your lifetime that places your assets into a trust for your benefit while you are alive. After your death, these assets are transferred to your beneficiaries according to your instructions. One of the main benefits of a living trust is that it allows your estate to bypass the probate process, which can be lengthy and costly. Additionally, a living trust can provide privacy since its contents are not made public record. It also offers continuity in managing your affairs if you become incapacitated, as your appointed trustee can step in and manage your assets without court intervention.

Related: “How to Set Up a Trust Fund?”

What is a Will?

A will is a legal document that outlines how you want your assets distributed after your death. It also allows you to name a guardian for your minor children and an executor who will ensure your wishes are carried out. Unlike a living trust, a will must go through probate, a court-supervised process that validates the will and oversees the distribution of your assets. While this process can be time-consuming and potentially expensive, it provides a level of oversight that can be beneficial in preventing fraud or mismanagement. Wills are also generally simpler and less expensive to create than living trusts.

Picking the Best Option

Deciding between a living trust and a will depends on your specific circumstances and goals. If you want to avoid probate, maintain privacy, and have a plan for managing your assets if you become incapacitated, a living trust may be the better option. However, if your estate is straightforward, you have minor children, or you prefer a simpler and less costly solution, a will might be sufficient. It’s also possible to use both documents in your estate plan, utilizing a will to handle certain matters that a living trust cannot, such as naming guardians for minor children.

Related: “The Importance of Estate Planning for Blended Families”

Consult With Us

At Family Law Richard E. Young & Associates, we understand that estate planning can be complex and overwhelming. We’re here to help you navigate these important decisions and create a plan that meets your unique needs. Contact us at (949) 951-9529 or visit our website at richardeyoungattorney.net to schedule a consultation and ensure your assets are protected and your wishes are honored.

Does California Recognize Cohabitation Agreements?

June 5, 2024 / / 0 Comments

More young couples are opting to live together without getting married. Many choose to skip the traditional marriage ceremony for personal reasons and instead sign cohabitation agreements. California is at the forefront with its progressive stance on this trend. In this month’s blog, we’ll explore the ins and outs of cohabitation agreements in California, discussing their recognition and what you need to know if you’re living with your partner.

What is a Cohabitation Agreement?

A cohabitation agreement is a contract between two people in a romantic relationship living together but aren’t married. It outlines the rights and responsibilities of each partner, covering everything from property division to financial support. Think of it as a prenuptial agreement, but for those who aren’t walking down the aisle.

Are Cohabitation Agreements Recognized in California?

The short answer is yes but with some caveats. California does recognize cohabitation agreements, but they aren’t as straightforward as marriage-related agreements. The courts won’t handle a child custody case as they would in a divorce case for a married couple. In essence, these agreements are treated like any other contract, as long as they are clear and consensual. 

Related: Learn more about the rights and responsibilities of unmarried parents in California here.

Cohabitation Agreements vs. Common Law Marriage

The Golden State doesn’t recognize common-law marriage, but some rights are now afforded to “cohabiting couples” of any gender, who live together. Previously, entering a domestic partnership required the partners to be over 18 years old. However, these restrictions were lifted, allowing any individual, even under 18, to legally enter into a domestic partnership if they meet the requirements.

This means living together for a certain period doesn’t give you the same rights as a married couple. This is where a cohabitation agreement can come in handy. It offers a way to protect yourself and your assets without the legal bonds of marriage.

Related: Learn more about types and implications in California here.

Why Bother with a Cohabitation Agreement?

You might wonder why you’d need a cohabitation agreement if you’re not tying the knot. Here’s the deal: living together can create financial entanglements and potential disputes if the relationship goes south. A cohabitation agreement can help smooth things over by clearly defining expectations and responsibilities. It can address:

  • Property Rights: Who owns what and how property will be divided if you split up.
  • Financial Responsibilities: How bills and expenses will be shared.

Related: Learn more about defining unfit parenting and the power of documentation here.

Protect Yourself During Cohabitation with Family Law Richard E. Young & Associates

Since there are not many laws in California protecting cohabiting couples, it is advised to take your future into your own hands. We will create a legally enforceable cohabitation agreement with your partner. Visit our website richardeyoungattorney.net or contact us at (949) 951-9529 to learn more about how we can assist you.

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