What’s the Latest in the Former “Young and the Restless” Star’s Guardianship Case?
What’s the Latest in the Former "Young and the Restless" Star’s Guardians

What’s the Latest in the Former “Young and the Restless” Star’s Guardianship Case?

What’s the Latest in the Former “Young and the Restless” Star’s Guardianship case?

Former Young and the Restless star Kristoff St. John’s ex-wife’s Allana is asking a judge to make her guardian of their 14-year-old daughter Lola, so she can represent her in any issues concerning her father’s death.

Yahoo Entertainment’s recent article, “Kristoff St. John’s Ex-Wife Files Guardianship Case To Protect Daughter With Late Star,” reports that Alana appears to be saying that any life insurance paid out since St. John’s passing didn’t go to Lola. She believes Lola is entitled to compensation.

“Due to the untimely death of minor’s biological father on February 3, 2019, the minor will be receiving an inheritance. In order to secure her inheritance, she will need a to defend a will contest and bring claims for the recovery of life insurance proceeds that were wrongfully distributed to a third party. Minor should also be entitled to a family allowance from her father’s estate,” Alana argues in the court document.

Kristoff St. John’s eldest daughter Paris is already fighting the late soap star’s father, over who should control his estate.

The contest is over an alleged handwritten will, which Paris St. John says doesn’t qualify as a valid last will and testament.

Paris argues that the holographic will “was written inside a private diary and was not intended to be seen by third parties,” adding, “The document would never have been found, if someone had not opened the decedent’s private journal.”

Paris has filed court documents in Los Angeles requesting to become the executor of the Young & the Restless star’s estate, according to The Blast.

It looks like Alana thinks the ongoing estate battle may get bitter, and she wants to make certain that Lola will come out in the end with the rightful share of her father’s assets.

Kristoff St. John was found dead on February 3, 2019 in his home in the San Fernando Valley. He was 52.

Reference: Yahoo Entertainment (August 27, 2019) “Kristoff St. John’s Ex-Wife Files Guardianship Case To Protect Daughter With Late Star”

What’s the Latest in the Former “Young and the Restless” Star’s Guardianship case? His youngest child’s guardianship case is pending. This will allow her to participate in a will contest and make claim to life insurance proceeds distributed to a third party.

 

What Should I Know About a Special Needs Trust?
What Should I Know About a Special Needs Trust?

What Should I Know About a Special Needs Trust?

What Should I Know About a Special Needs Trust?

Your disabled family member may be eligible for a number of government programs. However, Pauls Valley (OK) Democrat’s recent article asks “Can your family benefit from a special needs trust?” The article reminds us that these programs don’t cover everything. You may need to close the gaps.

A few government programs have eligibility restrictions, based on the level of financial assets that are available to the recipient. This means the financial help you’re wanting to provide may do more harm than good, unless you establish a special needs trust.

As the donor, you supply the funds. A trustee holds and administers them, according to your instructions. The beneficiary typically can’t use the trust for basic support or to receive benefits that can be provided by the government. The special needs trust can be used to provide specialized therapy, special equipment, recreational outings and other expenses.

When considering a special needs trust, What Should I Know About a Special Needs Trust? You’ll need to look at several issues with your attorney. However, there are two that are critical. The first is designating a trustee. You could name a family member or close friend as a trustee. While this works well for many, it has the potential to cause family conflicts. You could also name a trust company. This company can provide professional management, expertise and continuity of administration. A third option is to name an individual and a trust company as trustees.

The second critical issue with a special needs trust is funding the trust. You can fund the trust during your lifetime or have it activated when you die.

Note that you don’t have to be the sole donor. A special needs trust can be created so other family members can also contribute to it. The trust can be funded with securities (stocks and bonds), IRA proceeds, insurance death benefits and other assets.

You’ll need to understand the requirements of various federal, state and local benefit programs for people with disabilities, so that your loved one’s benefits are not at risk.

What Should I Know About a Special Needs Trust? Speak with an experienced elder law or estate planning attorney about how you can to make life better for a disabled child or family member with a special needs trust.

Reference: Pauls Valley (OK) Democrat (August 1, 2019) “Can your family benefit from a special needs trust?”