The trust he established 20 years ago is out of date since much of the trust property has been sold off, transferred or changed over time. Now he has asked me to assist with either drafting a new trust or updating the old one. I am a licensed attorney myself but with limited experience dealing with trusts. Just looking for some general guidelines.
The beneficiaries would be my sister and me. I'm thinking my father would be named as the trustee and maybe both my sister and I would be succeeding co-trustees upon his death. I don't know if CA has a merger doctrine or if creditors would be able to come after trust assets if the beneficiaries are named as the trustees.
Most of the trust property would be stocks and bonds.