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California’s New Partition Law Creates Buy-Out Window for Inherited Properties

insights California’s New Partition Law Creates Buy-Out Window for Inherited Properties Joseph Ferrucci · April 12, 2022

In 2021, California adopted the Uniform Partition of Heirs Property Act (AB 633, codified at Code of Civil Procedure §874.311 et seq.). The Act affects the ownership and division of real property following the death of family member. Take the following scenario. An elderly parent passes away, survived by three adult children. The parent had…

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California AB 1079 Clarifies Trustee Duties During Incapacity of Settlor

insights California AB 1079 Clarifies Trustee Duties During Incapacity of Settlor Joseph Ferrucci · February 15, 2022

Effective January 1, 2022, California Assembly Bill 1079 (“AB 1079”) amends Probate Code sections 15800 and 16069, clarifying certain trustee obligations when the settlor of a revocable trust is incapacitated. When a trust is revocable, the trustee must provide fiduciary accountings to anyone who has the power to revoke the trust.  Generally, only the settlor…

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Rimon welcomes Joseph Ferrucci as new Trusts & Estates Partner in its San Francisco office

news Rimon welcomes Joseph Ferrucci as new Trusts & Estates Partner in its San Francisco office Joseph Ferrucci · December 9, 2020

San Francisco, CA – Rimon is pleased to welcome Joseph Ferrucci as a Partner in the firm’s Trusts & Estates Practice based out of the firm’s San Francisco office, the 32nd partner to join Rimon this year. Mr. Ferrucci joins Rimon from Anderson Yazdi Hwang Minton + Horn LLP, where he was of counsel. With over a decade of hands-on experience, Mr. Ferrucci offers the full range of trusts and estates legal services to clients, including providing sophisticated estate…

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