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Common Issues with Outdated Trusts
A trust might perfectly reflect what you want on the day it was created. However, a trust can become out of date. It is not uncommon to periodically update your trust to make sure it accurately reflects your wishes and your family. Here are some common issues that occur when your trust is out of date:
Your goals and intentions have changed and are not accurately reflected in the document.
Trustees may be deceased, disabled or no longer able to manage your affairs.
Some beneficiaries may have become disabled or need special protections.
A key person may have moved too far away to be relied upon in an emergency.
Children who were minors are now adults and now able to take care of their own affairs.
Your feelings towards your family and others may have changed.
New members have been added to your family, whether by marriage, birth or adoption.
Your home, bank accounts and other assets may have changed and might not be properly protected by the trust.
Changes in laws have altered the function and benefit of the trust.
Even if nothing has changed, older documents, even though perfectly legal, tend to get more scrutiny and are more likely to face rejection by banks and others than newer documents.
To determine if your trust needs updating, it is recommended to have a consultation with an attorney who can review your trust and recommend changes to bring your trust up to date.
Michael A. Yeager of Yeager Law 471-2177

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A Legend Turns a New Corner with the Mercedes-AMG SL Roadster
As a sports car for the open road, the SL Roadster has won hearts and fulfilled dreams. It's pioneered innovations in performance, safety and luxury. Like no other car, it's truly timeless - and a true icon. The newest SL rushes its rich legacy ahead with handling innovations never before seen on an SL, from agile performance all-wheel drive to dynamic all-wheel steering.
Mercedes-Benz of Valencia 753-5555

John Parker Named Chairman of the Board at Mission Valley Bank & Mission Valley Bancorp
Mission Valley Bank has announced the appointment of John Parker as the new chairman of the board, succeeding Earle S. Wasserman. Parker, who has been an integral part of Mission Valley Bank for over nine years, will assume his new role effective immediately, highlighting continued growth and innovation.
A prominent figure in the community, John Parker is the executive officer and co-founder of the successful Parker Brown, Inc. company. He brings a wealth of experience and a proven track record of effective leadership to his new position. In recent years, Parker has been named to the Valley 200 top influential people to know in the Greater San Fernando Valley. His deep commitment to Mission Valley Bank's mission and his clear vision for its future are poised to build on the strong foundation established by his predecessor.
Under Parker's leadership, Mission Valley Bank will continue to prioritize the financial needs and success of its clients, while also focusing on strategic initiatives that promote sustainable growth and operational excellence. He is committed to maintaining the community-centric values that have defined Mission Valley Bank, while also integrating new technologies and practices that meet the changing needs of its business clients.
Mission Valley Bank missionvalleybank.com