Your Inheritance

Your Inheritance with Peter Bochnewich, Episode 13

In this episode of Your Inheritance, Peter Bochnewich discusses the distinctions and legal considerations surrounding revocable and irrevocable trusts.

Tune in to the episode to hear about:

 * The Revocability of Irrevocable Trust — Peter explains, despite its title, that an irrevocable trust can be amended if certain qualifications within the California Probate code are met. 

 * The Court’s Role in Modifying a Trust — What conditions must be met for a court to allow a modification to occur?

 * Avoiding Court — How the settlors and beneficiaries of a trust can modify an irrevocable trust without the court

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About the Your Inheritance with Peter Bochnewich Podcast: Your rights, your obligations, your responsibilities — this podcast presents insights from experts if you're being sued over an estate or feel you're not getting your share.

Subscribe to the Your Inheritance with Peter Bochnewich podcast on Apple: https://podcasts.apple.com/us/podcast/your-inheritance/id1667965904 

Connect with Peter Bochnewich:

 * LinkedIn (Peter): https://www.linkedin.com/company/martin-&-bochnewich/about/

 * LinkedIn (Bochnewich Law): https://www.linkedin.com/company/martin-&-bochnewich/about/ 

 * Facebook: https://www.facebook.com/BochnewichLawOffices/ 

 * Twitter: https://twitter.com/bochnewichlaw 

 * Youtube: https://www.youtube.com/@BochnewichLaw/

In this episode of Your Inheritance with Peter Bochnewich, we welcome James A. Jackson with Palm Desert Divorce Firm. James is a family law attorney practicing in the Coachella Valley of Southern California. 

Key takeaways:

 * What is ATROS?

* When does an automatic temporary restraining order activate?

* What are non-probate transfers?

* What are the penalties for violating ATROS?

Connect with James:

 * Visit his firm’s website: https://www.palmdesertdivorcefirm.com/index.html

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About the Your Inheritance with Peter Bochnewich Podcast: Your rights, your obligations, your responsibilities — this podcast presents insights from experts if you're being sued over an estate or feel you're not getting your share.

Subscribe to the Your Inheritance with Peter Bochnewich podcast on Apple: https://podcasts.apple.com/us/podcast/your-inheritance/id1667965904 

Connect with Peter Bochnewich:

 * LinkedIn (Peter): https://www.linkedin.com/company/martin-&-bochnewich/about/

 * LinkedIn (Bochnewich Law): https://www.linkedin.com/company/martin-&-bochnewich/about/ 

 * Facebook: https://www.facebook.com/BochnewichLawOffices/ 

 * Twitter: https://twitter.com/bochnewichlaw 
 * Youtube: https://www.youtube.com/@BochnewichLaw/

In this episode of Your Inheritance with Peter Bochnewich, Peter explains contests to a will and a trust in California Law.

Key takeaways:

 * What is a direct contest?

* What is a no-contest clause?

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About the Your Inheritance with Peter Bochnewich Podcast: Your rights, your obligations, your responsibilities — this podcast presents insights from experts if you're being sued over an estate or feel you're not getting your share.

Subscribe to the Your Inheritance with Peter Bochnewich podcast on Apple: https://podcasts.apple.com/us/podcast/your-inheritance/id1667965904 

Connect with Peter Bochnewich:

 * LinkedIn (Peter): https://www.linkedin.com/company/martin-&-bochnewich/about/

 * LinkedIn (Bochnewich Law): https://www.linkedin.com/company/martin-&-bochnewich/about/ 

 * Facebook: https://www.facebook.com/BochnewichLawOffices/ 

 * Twitter: https://twitter.com/bochnewichlaw 

 * Youtube: https://www.youtube.com/@BochnewichLaw/

In this episode of Your Inheritance with Peter Bochnewich, we welcome Phillip Savage, Director at Fennemore in San Bernardino. Phil’s practice focuses on business succession, estate planning and trust administration. He works with his clients to create business succession and estate transfer plans that preserve wealth and enhance family relationships. His clients include corporations, charities, high net worth families and individuals, and fiduciaries.

* Learn more about Philip on Fennemore’s website: https://www.fennemorelaw.com/people/attorneys/philip-m-savage-iv/ 

* Learn more about the IEEPS and register: https://www.ieestateplanningseminar.org/ 

* Connect with Phillip on LinkedIn: https://www.linkedin.com/in/philsavagegreshamsavage/ 

Read the entire transcript of this interview at https://www.btrustlaw.com 

About the Your Inheritance with Peter Bochnewich Podcast: Your rights, your obligations, your responsibilities — this podcast presents insights from experts if you're being sued over an estate or feel you're not getting your share.

Subscribe to the Your Inheritance with Peter Bochnewich podcast: https://podcasts.apple.com/us/podcast/your-inheritance/id1667965904 

Connect with Peter Bochnewich: Website: https://www.btrustlaw.com/ 

LinkedIn (Peter): https://www.linkedin.com/company/martin-&-bochnewich/about/ 

LinkedIn (Bochnewich Law): https://www.linkedin.com/company/martin-&-bochnewich/about/ 

Facebook: https://www.facebook.com/BochnewichLawOffices/ 

Twitter: https://twitter.com/bochnewichlaw 

Youtube: https://www.youtube.com/@BochnewichLaw/

In this episode of Your Inheritance with Peter Bochnewich, we welcome private professional fiduciary, Scott Tolstad with Heritage Business & Fiduciary Services.

Tune in as we talk about:
 * The advantages of using a private fiduciary over a corporate fiduciary
 * How Scott’s background with law enforcement assists with his providing of fiduciary services
 * Tips to protect yourself and your family against identity theft and fraud scams
 * Tips on how to reduce the risk of financial elder abuse
Connect with Scott:
* Company Website: https://www.heritagefiduciary.com/
Scott Tolstad, a native Southern Californian, has over thirty years of business and legal experience. Scott graduated from the University of Southern California, summa cum laude, and he obtained his law degree from Boston University. He became a Member of the California Bar Association in 1982, and has worked in the San Diego County area for the past twenty years.
Scott worked as a general legal counsel for two San Diego companies for eighteen years. Prior to that, he owned and managed a retail business for ten years.
Mr. Tolstad had worked for the Escondido Police Dept for 20 years retiring in 2021 as a Financial Crimes Investigator.  During this time, he was assigned to the Detective Bureau Financial Crimes Unit, where he investigated monetary crimes, many of which involve criminal breaches of fiduciary duty. Financial crimes include embezzlement, identity theft, credit card fraud, and various confidence schemes. Scott has been certified by the California Financial Crimes Investigators Association as a Fraud Investigator.
Scott has direct experience acting as a fiduciary and he exemplifies the highest standards of ethics and honesty. Clients can be assured that entrusting the stewardship of their personal and financial care to Heritage will be one of the best decisions an individual can make.
About the Your Inheritance with Peter Bochnewich Podcast: Your rights, your obligations, your responsibilities — this podcast presents insights from experts if you're being sued over an estate or feel you're not getting your share.
Subscribe to the Your Inheritance with Peter Bochnewich podcast: https://podcasts.apple.com/us/podcast/your-inheritance/id1667965904
Connect with Peter Bochnewich:
LinkedIn (Peter): https://www.linkedin.com/company/martin-&-bochnewich/about/
LinkedIn (Bochnewich Law): https://www.linkedin.com/company/martin-&-bochnewich/about/
Facebook: https://www.facebook.com/BochnewichLawOffices/
Twitter: https://twitter.com/bochnewichlaw
Youtube: https://www.youtube.com/@BochnewichLaw/

In this episode of Your Inheritance with Peter Bochnewich, we welcome guest Lori B. Sanford, Mediator and Arbitrator at Lori Sanford Law, where she provides Alternative Dispute Resolution (ADR) services in Palm Desert, California.

Tune in as we talk about:

*  how early mediation settles cases

*  Benefits and misconceptions about mediation

*  the four key steps of mediation

*  Private mediation process, cost, and necessary documentation

*  Mediation and arbitration: a peace-loving alternative

Lori Sanford provides Alternative Dispute Resolution (ADR) services in Palm Desert, California. Lori is an active member of the legal community in the Coachella Valley in Southern California.  She has over 31 years’ experience as an attorney and a Master’s Degree in Business Administration.   Ms. Sanford provides both arbitration and mediation services.  She is on the American Arbitration Association Commercial, Consumer and Employment panels and mediation panel.  Lori serves on mediation panels for the Riverside County Superior Court, Resolute Systems, LLC, California Association of Realtors and the Riverside County Bar Associations which provides court mediators for the day of trial.

Ms. Sanford is the President of the Desert Bar Association and Mediation Chair.  Lori volunteers as the administrator of the Court's First Friday Settlement Conference Program in the Palm Springs Courthouse and has been active in the program since 2009.  Ms. Sanford was the DBA Fee Arbitration Chair for three years. 

As a former trial attorney in Los Angeles and New York, and as a settlement facilitator both in Court and privately, Ms. Sanford has handled almost every type of civil case, including personal injury, business litigation, construction, breach of contract, HOA disputes, employment law, legal and medical malpractice and real estate.

Ms. Sanford is a ‘Top Lawyer’ in the Mediation and Arbitration category for Palm Springs Life Magazine for the past six years. Lori brings decades of experience as a former trial attorney and ADR provider to every case she works on with the goal of helping parties resolve their disputes.

Connect with Lori:

* Company Website: https://www.lorisanfordlaw.com/ 

About the Your Inheritance with Peter Bochnewich Podcast: Your rights, your obligations, your responsibilities — this podcast presents insights from experts if you're being sued over an estate or feel you're not getting your share.

Subscribe to the Your Inheritance with Peter Bochnewich podcast: https://podcasts.apple.com/us/podcast/your-inheritance/id1667965904 

Connect with Peter Bochnewich:

LinkedIn (Peter): https://www.linkedin.com/company/martin-&-bochnewich/about/

LinkedIn (Bochnewich Law): https://www.linkedin.com/company/martin-&-bochnewich/about/ 

Facebook: https://www.facebook.com/BochnewichLawOffices/ 

Twitter: https://twitter.com/bochnewichlaw 

Youtube: https://www.youtube.com/@BochnewichLaw/

In this episode of Your Inheritance with Peter Bochnewich, we welcome guest Bruce Givner, of counsel to the Los Angeles law firm of KFB Rice, LLP.  His practice consists primarily of helping taxpayers (i) reduce, defer or eliminate capital gains taxes; (ii) reduce or eliminate estate taxes; and (iii) reduce the tax on earned income. 

Tune in as we talk about:

*  asset protection and asset protection trust

*  the three legs of asset protection planning

*  sophisticated estate planning in a changing economy

*  domestic and offshore asset protection trusts

*  how and when to establish an asset protection trust 

Bruce Givner is of counsel to the Los Angeles law firm of KFB Rice, LLP.  He has been practicing tax law for 46 years.  His practice consists primarily of helping taxpayers (i) reduce, defer or eliminate capital gains taxes; (ii) reduce or eliminate estate taxes; and (iii) reduce the tax on earned income.  Over 125 of his articles have been published in professional publications, and he has had 6 books published about tax planning.  He was the winning counsel for the taxpayers in L&B Pipe & Supply, rebutting an IRS attack that the taxpayers received too much deductible compensation.  He has been cited by the California Court of Appeals; the U.S. Tax Court, Wall Street Journal and other publications.  His most recent book - about his role in the Watergate Scandal - is available on Amazon.

Connect with Bruce:

* Company Website:  https://www.kfbrice.com/ 

* LinkedIn (Bruce) : https://www.linkedin.com/in/brucegivner/ 

* LinkedIn (KFB Rice, LLP):  https://www.linkedin.com/company/kfbrice/about/ 

About the Your Inheritance with Peter Bochnewich Podcast: Your rights, your obligations, your responsibilities — this podcast presents insights from experts if you're being sued over an estate or feel you're not getting your share.

Subscribe to the Your Inheritance with Peter Bochnewich podcast: https://podcasts.apple.com/us/podcast/your-inheritance/id1667965904 

Connect with Peter Bochnewich:

LinkedIn (Peter): https://www.linkedin.com/company/martin-&-bochnewich/about/

LinkedIn (Bochnewich Law): https://www.linkedin.com/company/martin-&-bochnewich/about/ 

Facebook: https://www.facebook.com/BochnewichLawOffices/ 

Twitter: https://twitter.com/bochnewichlaw 

Youtube: https://www.youtube.com/@BochnewichLaw/

In this episode of Your Inheritance with Peter Bochnewich, we welcome guest Dick Pfister, CAIA, CEO & Founder of AlphaCore Wealth Advisory. AlphaCore is a wealth advisory firm with a national presence dedicated to helping clients build and preserve their wealth. They do this through a unique pairing of cutting-edge investment portfolios and holistic, goals-based wealth planning.

Tune in as we talk about:

*  The definition of “alternative investments”

*  Alternative asset classes and alternative investment strategies

*  Risk management and setting expectations for target returns from alternative investments

*  How alternative assets fit in with a traditional stocks/bonds mix and estate planning

*  The importance of having a diversified portfolio that includes alternative investments

*  Investing, monetary policy and the debt ceiling

Dick has over 25 years of experience in the wealth advisory and financial services with an emphasis on diversifying traditional portfolios with alternative strategies. In 2015, he founded AlphaCore, which has become a leading wealth advisory firm. He serves as AlphaCore’s CEO and managing member of the Investment Committee. Throughout his career he has successfully navigated changing market conditions on behalf of hundreds of entrepreneurs and investment professionals.

As a partner at Altegris, Dick democratized access to elite asset managers previously not available to the mainstream investor. In 2010, Dick and his partners sold Altegris to a Fortune 500 company.

Earlier in his career, Dick started as a technical analyst and floor trader at the Chicago Mercantile Exchange. He managed the Global Trade Desk for Dean Witter Reynolds. In addition, Dick is a part of the inaugural class of Chartered Alternative Investment Analysts. (CAIA®)

Dick provided investment insight to the San Diego Foundation Investment Committee, the USD Emerging Leaders Council and served as a board member for Voices for Children, a charity focused on helping foster children throughout San Diego. He is also a member of the iCapital Advisory Council.

Connect with Dick:

* Company Website: https://alphacorewealth.com/ 

* LinkedIn (Dick) : https://www.linkedin.com/in/dick-pfister-caia-8518b26/ 

* LinkedIn (AlphaCore Wealth Advisory): https://www.linkedin.com/company/alphacorewealthadvisory/ 

About the Your Inheritance with Peter Bochnewich Podcast: Your rights, your obligations, your responsibilities — this podcast presents insights from experts if you're being sued over an estate or feel you're not getting your share.

Subscribe to the Your Inheritance with Peter Bochnewich podcast: https://podcasts.apple.com/us/podcast/your-inheritance/id1667965904 

Connect with Peter Bochnewich:

LinkedIn (Peter): https://www.linkedin.com/company/martin-&-bochnewich/about/

LinkedIn (Bochnewich Law): https://www.linkedin.com/company/martin-&-bochnewich/about/ 

Facebook: https://www.facebook.com/BochnewichLawOffices/ 

Twitter: https://twitter.com/bochnewichlaw 
YouTube: https://www.youtube.com/@BochnewichLaw/

In this episode of Your Inheritance with Peter Bochnewich, Peter talks about a recent experience he had in bringing a successful trial motion for judgment. Listen as he talks about the common causes of action in the complaint, proving a case on its own merit, and the process by which a case can be dismissed.

About the Your Inheritance with Peter Bochnewich Podcast: Your rights, your obligations, your responsibilities — this podcast presents insights from experts if you're being sued over an estate or feel you're not getting your share.

Subscribe to the Your Inheritance with Peter Bochnewich podcast: https://podcasts.apple.com/us/podcast/your-inheritance/id1667965904

Connect with Peter Bochnewich:

LinkedIn (Peter): https://www.linkedin.com/company/martin-&-bochnewich/about/

LinkedIn (Bochnewich Law): https://www.linkedin.com/company/martin-&-bochnewich/about/

Facebook: https://www.facebook.com/BochnewichLawOffices/

Twitter: https://twitter.com/bochnewichlaw

Youtube: https://www.youtube.com/@BochnewichLaw/

In this episode of Your Inheritance with Peter Bochnewich, Peter talks about the meaning and use of a last will and testament, and why you should have one. Listen as Peter shares insights into: 

*  how to make (or change) a will

*  holographic wills

*  requirements for a valid will

*  who can be a witness to a will

*  what happens if you pass away without a will

About the Your Inheritance with Peter Bochnewich Podcast: Your rights, your obligations, your responsibilities — this podcast presents insights from experts if you're being sued over an estate or feel you're not getting your share.

Subscribe to the Your Inheritance with Peter Bochnewich podcast: https://podcasts.apple.com/us/podcast/your-inheritance/id1667965904 

Connect with Peter Bochnewich:

LinkedIn (Peter): https://www.linkedin.com/company/martin-&-bochnewich/about/

LinkedIn (Bochnewich Law): https://www.linkedin.com/company/martin-&-bochnewich/about/ 

Facebook: https://www.facebook.com/BochnewichLawOffices/ 

Twitter: https://twitter.com/bochnewichlaw 

YouTube: https://www.youtube.com/@BochnewichLaw/