How and Why Heggstad
Trusts and Estates attorney, David Little, spoke on a CEB program on Heggstad petitions on October 17, 2024. This informative presentation covered the purpose, uses, and procedures involved in Heggstad petitions.
A Heggstad petition is a specialized petition for a trustee to take control of an asset outside of the trust. David Little, Certified Specialist in Probate, Estate Planning & Trust Law, discusses the background and significance of these petitions, the challenges faced in trust funding, and the legal framework surrounding them. This program assumes some experience in estate planning. Discussion includes:
- Why we have Heggstad Petitions
- What Heggstad Petitions are used (or not used) for
- Requirements under Probate Code ยง850(a)(3)(B)
- Select issues such as settler intent
- Explore petition requirements
- Heggstad procedure, such as notice, discovery, and orders
View the program recording here.
Organization
Continuing Education
MCLE Credit: 1 hour
LSCLE Specialization Credits Estate Planning, Trust and Probate Law: 1 hour (B) Estate Planning