Foresight Legal Blog

The 10th annual L.A.’s Largest Mixer, a networking event, took center stage at The Shrine Auditorium Expo Center yesterday and Foresight Legal was there to meet and greet.

The Mixer has grown to represent a powerful meeting of Los Angeles area chambers of commerce and local businesses representing hundreds of industries and companies in Southern California.

This year, over 3000 business people came together for this ultimate business networking event. Here’s a list of exhibitor’s, including Foresight.

Senior Class is a monthly magazine, billed as “celebrating the mature lifestyle.” Foresight attorney, Tom Martin, contributed to the July/August edition.

The article, “When to Look a Gift Horse in the Mouth,” is about the potential downside to using joint tenancy as a way to avoid probate court. Here’s an excerpt:

“Sometimes looks can be deceiving.

Let’s say you own your home free and clear and would like to leave it to your two children. You’ve heard people talk about the need to avoid “probate” and you figure the best and cheapest way to avoid it is to simply add your kids to the title as joint tenants with rights of
survivorship.

That way, when you pass, your home will go directly to your kids without the need for probate. Pretty good solution, and with no need to pay an attorney for expensive advice, right? Wrong.” Click on the link above to read the whole article.

The magazine has a wonderful directory of services for seniors, everything from the local farmer’s market to volunteer programs to meals on wheels. Check it out at a newstand near you!

With unanimous votes in the State Assembly and State Senate last week, the California Legislature sent Gov. Arnold Schwarzenegger a bill designed to protect companion animals after their owners’ death.

“Pets are an important part of the American family,” Sen. Leland Yee said in a statement. “SB 685 will make pet trusts enforceable and assure that the wishes of pet owners are respected.”

“Wills and trusts are the means for people to bestow their possessions and savings as they see fit,” Yee said. “Under SB 685, a pet owner will be assured that their pet will be properly cared for after their passing while also ensuring that kin are not burdened with undue pressure.”

The bill will ensure those pets designated within the trust are protected and cared for as the owner intended and are not sent unnecessarily into the shelter system. Funds left over after the animal’s life may be donated, using the trust’s instructions, to animal related charities.

Tom Martin is an estate planning attorney in downtown Long Beach. Call Tom today to schedule your complimentary consultation on how you can protect your pet’s future: (562) 219-3290.

On Saturday, July 12, 2008, Foresight Legal’s Tom Martin gave a presentation to the Coachella Valley Couples - a gay and lesbian social group - about the pros and cons of gay marriage and domestic partnerships in California. There were over 50 attendees at the Rainbow Senior Center in Cathedral City. Three news agencies, including CBS Channel 2 News, covered the event.

In discussing the issue of the lack of federal recognition of same sex marriage, Mr. Martin referenced the 1997 study conducted by General Counsel to the General Accounting Office. The study noted 1049 federal laws and 13 areas of federal law in which marital status is a factor. A link to that study is available here.

Also, an excellent source of additional information about marriage for same sex couples in California is available from Lambda Legal here.

The California Supreme Court’s decision, overturning the ban on gay marriage, is available here.

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