When you assume the responsibilities of becoming the executor of someone’s California estate, one of your duties will be to pay the taxes owed by both the deceased person and the estate itself. This week we turn to the additional ... Read More
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
If you’re like most in Woodland Hills or another California city, then you have probably been told at least once in your adult life the need to start thinking about estate planning. In the world of estate planning, the buzzword ... 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. Understanding what each of these words mean in relation to a trust as well as ... 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
One of the main advantages that many often cite when extolling the benefits of trusts is the privacy that they afford. California as well as Woodland Hills residents can place estate property and assets in trusts without having them become ... Read More
