ESTATE PLANNING & REQUIRED MINIMUM DISTRIBUTIONS
Effective estate planning for retirement benefits requires understanding rules created by the income tax laws mandating minimum distributions from the client’s retirement accounts. These income tax laws are found primarily in Internal Revenue Code 401(a) and Treasury Regulation 1.401(a)(9)-0 through 1.401(a)(9)-9. Proper planning also requires an understanding of the non-probate transfer rules under California law found in Probate Code 5010 through 5032. Finally, it necessitates an appreciation…
Satisfying the UPIA through Professional Investment Advice and the Creation of the IPS
Christopher D. Carico, Esq.,* Larry K. Prutch, CFP, CIMA, Institutional Consulting Director,** and Cengiz Volkan, CFP, CIMA, Institutional Consulting Director**
The Uniform Prudent Investor Act (“UPIA”) imposes complex investment requirements on private…
CPA as Client Trustee: Is the Compensation Worth the Liability?
By Christopher D. Carico
Published: WebCPA, July 28, 2009
The family CPA is often the best choice as successor trustee of the family trust.
As a group, CPAs are…
Litigation Partner Stuart Johnson Joins Carico Johnson Toomey LLP
–Name partner heads firm’s litigation department–
EL SEGUNDO, CA – Carico Johnson Toomey LLP (CJT), a South Bay law firm offering a broad range of legal services for high net-worth individuals and successful businesses, has announced…
California Trusts and Estates Quarterly, Volume 16, Issue 1, 2010
by Christopher D. Carico | Partner & James E. Spar, M.D.
An LPS conservatorship allows involuntary mental health treatment for individuals who are presently gravely disabled as a result of mental illness or chronic alcoholism.1 It is designed for individuals that cannot or will not voluntarily accept treatment. Contrary to popular opinion, it is not the only option for involuntary mental health treatment…
Escaping the LPS Conservatorship Revolving Door” in California Trusts and Estates Quarterly, Spring 2010, by Christopher D. Carico, Esq. Partner, Carico Johnson Toomey LLP, and James E. Spar, MD, Department of Psychiatry and Biobehavioral Sciences David Geffen School of Medicine at UCLA.
This article summarizes rules governing LPS coservatorships and discusses
the limitations of LPS conservatorships. It also discusses the often
ignored legal authority permitting health treatment in probate
conservatorships, and addresses the constitutionality of involuntary mental
health treatment in…
This article was originally published in California Trusts and Estates Quarterly, Volume 13, Issue 4, 2008
By Christopher D. Carico |Partner
Larry K. Prutch, CFP, CIMA, Institutional Consulting Director,** and Cengiz Volkan, CFP, CIMA, Institutional Consulting Director***
The Uniform Prudent InvestorAct (“UPIA”) imposes complex investment requirements on private trustees.1 Estate planning attorneys protect trustee-clients by participating in the creation of a detailed investment policy statement (“IPS”), which documents the investment…