In California, a limited partnership is formed by filing a Certificate of Limited Partnership (the “Certificate”) with the Secretary of State. The Certificate must include certain information, including a name, the street address of the initial office, the name of the initial agent for service of process, the name and address of each general partner,…
A Trust Beneficiary is in Prison for a Felony: Is the Trust Exposed to Creditor Liability? Recently, a client contacted our office because one of their trust beneficiaries was convicted of a felony and sent to prison. The client wanted to know what happens to the beneficiary’s interest and whether it could be accessed by…
