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Posts Tagged ‘trusts’

World Events

April 6, 2009

Britney Spears Conservatorship Case

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ConservatorMost people assume that probate and estate planning issues are only for the elderly.  They think that it’s nothing to spend time worrying about until they’re at least 80.  The fact is that seasoned probate litigation attorneys know better.  Every family has to address these important legal issues sooner or later – sometimes much sooner than they think.  When proper planning isn’t done, it can and does often lead to trouble.

The Britney Spears case presents a good illustration.  At the tender age of 26, she became subject to a court-ordered conservatorship and guardianship.  Let me repeat, 26 years old.  Her father, Jamie Spears, has the legal right to make decisions for her, including controlling her finances; finances that are in relation to being one of the worlds best know pop stars.  The judge allows him to pay himself more than $16,000 every month, from his daughter’s money.  Although, given the remarkable turnaround in her life and her career, this fee may be well worth it.

In fact, Britney now seems to be in favor of her father’s control.  In October of 2008, she agreed not to oppose her father’s request to continue the conservatorship indefinitely (it was originally set to expire at the end of 2008).  Think this means the court case is done?  Not remotely.

Last week, an attorney named Jon Eardley, returned the case to court.  Eardley, just over one year ago, claimed that Britney had asked him by telephone to represent her to fight the conservatorship.  He even took the highly unusual step of trying to move the case to Federal Court, arguing she was denied a fair trial in the California Superior Court where the case was pending.

The Federal Court judge quickly ordered the case back to the California Court where it started, noting that the judge in that court had already ruled that Eardley could not represent Spears.  Because Spears had been ruled legally incapable of managing her financial affairs (which is why she needed her father to serve as conservator), both judges ruled she could not legally hire Eardley.  In fact, her father’s attorney and her own court-appointed attorney also argued Britney did not want Eardley to represent her.

So why was Eardley back in court on the case last week?  He appeared before the California judge claiming that Britney was being treated like Soviet dissidents subject to forced labor, as described in the Nobel Prize winning novel “The Gulag Archipelago”.

According to the article, Eardley claims he wants nothing to do with the case.  He was ordered in January not to represent Britney and not to file anything on her behalf in court.  Yet, there he was, essentially arguing to the judge that Spears was a prisoner and a slave.  Eardley claims he did so simply because he wants the restraining order against him removed.

So Britney’s money had to be spent on even more legal fees, for another court hearing (the most recent in a long line of court hearings).  Had she done proper estate planning, and created a revocable living trust, then she could have selected someone she trusted to manage her financial affairs if she became unable to do so, without the need of court involvement.  If such a trust had been properly created and funded, along with power of attorney documents, then the family could have gotten her the help she clearly needed with minimal court involvement — and maybe even avoided the courts altogether.

It’s never too early to plan, and it’s never a good idea to think that estate planning and probate issues only matter to the elderly.

Upcoming Events

March 27, 2009

Cleveland Rocks

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Cleveland RocksThis coming week I’m attending a conference of the National Network of Estate Planning Attorneys (NNEPA) in Cleveland, Ohio.  I know that many of you might say that the thought of attending a series of seminars for an entire week all about estate planning and tax sounds like as much fun as a box of rocks.  But for me it’s exactly what I want to do.  The NNEPA is the oldest and one of the biggest groups of attorneys dedicated to making sure that all its members are exceeding their clients’ expectations.  That means being on the cutting edge of tax law changes and drafting strategies.

More than that, I’m excited about attending because of a promise that I made to myself.  I said that I would never just do the Minimum Continuing Legal Education (MCLE) required by the California Bar.  The California Bar requires that all attorneys complete 25 hours of MCLE every three years.  That’s a little over 8.3 hours a year.  By the end of next week I’ll have done 55 hours for 2009.  Yes, that’s over 6 ½ times what most other attorneys do.

Why do I study so much?  Well it all goes back to the fact that this is my firm.  I’m not just looking to get people in and out so that I can sell them documents and never see them after.  I’m looking to be their personal family lawyer for life.  I study harder because that means when my clients call, I’ll know how best to counsel them.  Frankly it also means that if I can’t answer the question, then at least I’ll know how to get them to the person who can answer it.  In the end, it’s all about exceeding expectations.

Who We Are

March 25, 2009

Hello World!

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Most estate planning attorneys tell you a lot about what they’ve done professionally, who’s money they’ve saved, what schools they’ve gone to and that’s about it.  Next, they jump into what you should do with your money and family (usually in that order).  In my opinion, that doesn’t make me feel warm and fuzzy.  If I’m letting someone into the deepest recesses of my life and telling them the whole truth, well I want to know a bit more about them too.  So here we have it.  Keep reading and eventually I’ll tell you everything about me!

Who We Are

When I started Chhokar Law Group, P.C. I decided that I was going to have a different type of law firm.  Why?  Because I can … I’m in charge.  That means that if we fail or succeed, I’m taking the blame and in turn the credit.  It’s simultaneously, terrifying, frustrating, enlightening and invigorating.  A lot of people have asked me how I could even think about starting my own shop in this “recession.”  Well the answer is really simple … I love coming to work everyday.   I wonder how many of those people asking me the question can say the same thing.  I love what I do, I’m passionate about how I do it and I adore the people I work with every single day.  It may be scary and hard but it’s also oh so much fun.

So my promise to you here and now is that my firm is not your average law firm and nor will it ever be!

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