The IRS maintains specific definitions concerning what constitutes a valid trust that can be included in a Californian estate. Although many people want to donate assets to charitable causes, the estate devices they employ to do so don’t necessarily benefit ... Read More
Residents of California may wonder what is involved in trust administration. A trust has two parts, income and principal, and the administrator, also known as the fiduciary, is in charge of managing both of those parts. The principal consists of ... Read More
When you have been named a trustee in a Woodland Hills trust or California trust, you are expected to oversee matters that can be a very complicated administration process. Part of this is understanding the tax implications of a trust. ... Read More
When Woodland Hills residents first begin to consider the idea of setting up a trust, their first thoughts may be to appoint friends or family members as their trustees. While this may be understandable given the established relationships that they ... Read More
When researching the topics of trusts and trust administration, Woodland Hills residents may likely hear the terms “principal” and “income” thrown around quite a bit. If you’re involved in administering a trust, understanding the terms “principal” and “income” is essential. ... Read More
Those in Woodland Hills, CA and all other California cities, who have assets they would like to be managed for the benefit of others may find a trust to be an effective tool at doing so. The same may be ... Read More
When a settlor entrusts a trustee to manage assets for the benefit of designated beneficiaries in Woodland Hills, California or throughout the state, that person is placing a great deal of faith in the trustee’s abilities to accomplish his or ... Read More
If you have been asked to serve as a trustee of a trust account by a family member or friend in the San Fernando Valley, your first concern may be what sort of consequences you could face should you commit ... Read More
Helping someone through their final days in Los Angeles, California, Woodland Hills, California, or a city throughout the state can be a monumental task. The difficulty of such an endeavor may be what makes it understandable why so many seem ... Read More
When a trust creator (grantor) passes away, the trustee must take certain steps to manage and administer the trust. If you are a trustee, beneficiary, or heir, it’s important to have some idea of what to expect during the trust ... Read More
