Team Tisser Foundation
Team Tisser Foundation (TTF) is a non-profit corporation founded by Doron M. Tisser and his wife Laurie. TTF raises money for various charitable purposes and does not focus on any one charity or charitable purpose. The goal is to raise as much money as possible to "Help Make A Difference" by "Improving Life for Others." TTF has made donations to Memorial Sloan-Kettering Cancer Center, Leukemia & Lymphoma Society, Challenged Athletes Foundation, as well as charities helping people affected by natural disasters such as Hurricane Katrina and the Tsunamis. Since 2000, TTF has donated almost $175,000 to over 25 different charities. Friends and clients generally donate money to TTF to support Doron's participation in triathlons and marathons. If you would like more information about TTF, please contact Doron at doron@tisserlaw.com, or visit www.teamtisser.org. |
Did You Know?
An irrevocable trust (e.g., an irrevocable life
insurance trust), by definition, cannot be amended or revoked. But it is possible to have changes made to an
irrevocable trust if the trust includes provisions appointing a trust protector
who can make changes to the trust.
Without this important provision, changes may not be able to be made to
an irrevocable trust as circumstances change.
Read our discussion on this very important issue in our next Newsletter.
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Contact Us
info@tisserlaw.com
818-226-9125
The Law Office of
Doron M. Tisser
5425 Farralone Ave
Suite 100
Woodland Hills, CA
91367-6312
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Doron M. Tisser has specialized in estate and gift planning, tax planning, trust and probate administration, charitable giving, buy-sell agreements and related areas for over 27 years. Mr. Tisser is one of less than 100 attorneys in California who has been designated as both a Certified Specialist in Probate, Estate Planning and Trust Law, and as a Certified Specialist in Taxation Law by the State Bar of California Board of Legal Specialization. He was chosen by his peers as a 2009 Super Lawyer for Southern California, and enjoys an "a.v." rating by Martindale-Hubbell Law Directory, which is the highest possible rating and is based on ethical considerations and legal skills. Mr. Tisser has published over 65 articles and chapters in books on various estate and tax planning subjects and is a frequent speaker and lecturer at estate and tax planning seminars. Mr. Tisser competes in triathlons, including Ironman races, and raises money for charities through Team Tisser Foundation, a non-profit corporation he co-founded with his wife Laurie.
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A durable power of attorney for
health care is a document that allows a person you select to make medical
decisions for you if you cannot make them for yourself. This month's Newsletter will discuss the
importance of this document and specific provisions it should include.
We
hope you enjoy the Newsletter. If you
have any suggestions, please do not hesitate to send them to us at info@tisserlaw.com.
As
always, please call us with your questions and remember, " Plan Early, Plan
Well".
Sincerely yours, Doron |
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What's Happening
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Doron M. Tisser
spoke to an Advanced Real Estate Class at UCLA on the benefits of Advanced
Estate Tax Planning on July 22, 2009.
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Doron M. Tisser
has been included in the 2010 Presidential Who's Who Among Business and
Professional Achievers.
-
On October 10,
2009, Doron M. Tisser will be competing in a half Ironman distance event (1.2
mile swim, 56 mile bike and 13.1 mile run) as part of his effort to raise money
for Team Tisser Foundation ("TTF"), a non-profit corporation, founded by Doron
and his wife, Laurie. TTF's whose
mission is to "Improve Life for Others." Doron will also be competing in
several other triathlons and marathons.
If you would like to donate to TTF, please contact Doron at doron@tisserlaw.com.
- There are many proposals in Congress to change
the estate tax laws and how much can be left estate tax free at death. We are watching the proposals to see which
one will become law and how it will affect our clients' estate plans. We expect significant changes in the estate
tax laws this year and will let you know as those changes take place.
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Durable Powers of Attorney
For Health Care
One
of the most important estate planning documents you can have is a Durable Power
of Attorney for Health Care ("DPAHC"). In general, this document allows you to
authorize another person (your "Agent") to make medical decisions for
you in the event you are unable to do so for yourself. This document should be differentiated from a
Declaration Concerning Life-Sustaining Treatment ("Declaration"),
which states, in general, that you not be kept on life-sustaining devices if
there is no hope for your recovery.
Therefore, while the Declaration states your intention of how you want
to be treated, the DPAHC allows another person to act on your behalf.
In
addition to naming an Agent, your DPAHC should name successors in case one or
more of your Agents cannot act for you.
A
DPAHC can allow a person to authorize an autopsy or donate parts of your body
either for research or for the benefit of other persons after you have died. Some religions have specific rules regarding
these matters and you should make sure that the document you execute complies
with your religious beliefs.
A
DPAHC can be effective immediately, or can become effective when you are
incapacitated and no longer able to make decisions for yourself. Generally, the DPAHC should be effective
immediately because until your Agent is authorized to act under your DPAHC,
medical providers are not authorized to release information about your medical
situation to your Agent.
A
DPAHC should not have a termination date and should be effective until
revoked. Some older DPAHCs provided that
they were effective for seven years; a new DPAHC had to be executed before the
end of the seven years or you would not have a valid DPAHC. If your DPAHC has a seven year provision in
it, you should execute a new DPAHC.
In
order to allow medical providers to release information about your medical
condition to your Agent, your DPAHC must contain provisions complying with the
Health Insurance Portability and Accountability Act of 1996 ("HIPAA"). If your DPAHC does not contain these
provisions, you should execute a new DPAHC.
Generally, your DPAHC will not contain these provisions if it was
executed before October 2004.
You
should make sure your DPAHC is still valid, names the persons you want to act
for you, and properly states your intentions.
If you do not have a DPAHC, you should consider executing such a document.
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This communication published by the Law Office of Doron M. Tisser is intended as general information and may not be relied upon as legal advice, which can only be given by a lawyer based upon all the relevant facts and circumstances of a particular situation.
Copyright © Doron M. Tisser, Esq. 2009. All Rights Reserved.
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