Trusts and Wills Expert Witness Los Angeles and Surrounding CountiesAn expert witness is a person with special knowledge, skill, experience, training and/or education that goes beyond the experience of ordinary people. His role varies from case to case. An expert witness can serve as a consultant to an attorney. He can also be used in the pre-trial stages of a litigated case. He might serve solely as an expert witness at trial or be a combination of all these roles. An expert witness in estate planning is asked to give his expert opinion on legal issues involving the financial and ownership rights within the arrangements made by a person as to his or her estate.
Rich or poor, everyone should consider estate planning. Estate planning refers to the arrangements that a person makes prior to his death but that will go into effect after the person's death or when the person can no longer make proper decisions. Estate planning involves identifying, managing and allocating assets, naming beneficiaries, establishing trusts, as well as preparing documents reflecting the person's wishes.
There are two types of estate planning: basic estate planning and advanced estate planning. Generally, advanced estate planning is designed to avoid estate taxes for high net worth families. With advanced estate planning, the use of an estate planning expert, as well as of a tax expert is recommended. If a person chooses to use a living trust as part of his estate planning, he appoints a trustee to handle the estate after his death. The administration of a trust in California can be complex and confusing for those unfamiliar with the laws in California. To generally identify some of the trustee's duties, he is required to comply with the statutory notice requirements, marshal trust assets, appraise assets, invest assets, pay debts, prepare accountings, deal with tax matters and keep the beneficiaries informed. If the trustee fails to comply with his duties, his missteps could leave him personally liable to the beneficiaries. A trust expert witness can assist the trustee to fulfill his duties and assist in his defense, if litigation is commenced.
Tucker Cheadle is an attorney, as well as a tax expert. He is a professional fiduciary and has acted as a fiduciary, trustee, executor, and administrator on more than 70 trusts and wills. He has also served as a trust and estate planning expert witness in cases filed in the Los Angeles County, Orange County and the surrounding counties of Riverside, San Bernardino, and San Diego. Call Tucker Cheadle at 949-553-1066 to discuss with him your expert witness needs for your trust or estate planning issues.
A review of any materials on this web page, any preliminary comments or an introductory meeting does not constitute legal, income tax or accounting advice upon which reliance can be placed. The attorney client relationship can only be created by a written retainer agreement following a check of potential and actual conflicts of interest with other clients.