When a loved one passes away, moving forward can be incredibly difficult. In addition to all of the emotional pain that often comes with the loss of a loved one, those who have been named executor of an estate may have no idea how to approach the probate process or which step to take next. At the Law Offices of Alice A. Salvo, we work hard to provide solutions for clients who are in this position in Woodland Hills, California.
Helping our clients prepare an excellent estate plan
For some people, the thought of preparing an estate plan may seem stressful or even a little upsetting. After all, there are a variety of factors to take into consideration and who wants to think about their death? At the Law Offices of Alice A. Salvo, we understand what it's like to be in this position and remain committed to helping our clients put together top-notch estate plans. In Woodland Hills, and throughout California, those who want to ensure that their assets are smoothly transferred to beneficiaries after they pass away should make sure they approach the estate planning process properly.
What are your tax responsibilities as a trustee?
When you’ve been named a trustee in Woodland Hills, you are expected to oversee what can be a very complicated administration process. Part of this is understanding the tax implications of a trust. Taxes in general can be very complicated, especially if your tax knowledge is limited to dealing with your own federal and state income taxes. There are a number or resources, however, to help you understand this process.
Estate of Ernie Banks being contested between wife and friend
The task of administering one’s estate can often be a source of confusion and consternation among Woodland Hills residents. In the event that one is not abundantly clear regarding the assets that comprise his or her estate, disputes will often arise after he or she is gone. Transparency is encouraged in the valuation of one’s belongings. Thus, when the time comes to pass on those assets, both the parties charged with administering them as well as those receiving them are clear on what the estate is comprised of.
