You may have heard the term “dynasty trust” if you’ve ever wondered how some families pass down wealth from one generation to the next while paying as little tax as possible, protecting their assets, and keeping their family values. A lot of people don’t understand these trusts, but they can be very useful, especially for…
Estate planning is a crucial aspect of financial management, ensuring the distribution of your assets according to your final wishes. A living trust is among the best estate planning instruments. This blog will give you a thorough understanding of living trusts, highlight crucial factors to take into account when drafting one, and provide essential information…
The Power of Estate Planning and Trusts for Modest Estates Estate Planning is often associated with wealthy people with many assets, substantial properties, and intricate legal structures. However, estate planning holds value for individuals from all walks of life, regardless of the size of their assets. Even if you don’t have a lot of money…
The two most important components of the estate planning process are a trust and a last will and testament. Most of us know about the structure and purpose of a will, but California trusts are a little harder to understand. Trusts have a more complicated legal structure, especially when compared to wills. Plus, with the…
If you’re the parent of someone with special needs, you know that your worries about your child extend far into the future. You may wonder what will happen to your child in the event of your death. Remove these worries with a special needs trust. If you want to leave property or money to a…
Trying to determine how to proceed with your assets during your life and after can be a complex question. When planning for an estate in California, you can choose between California wills and trusts for your property. There are a few differences between wills and trusts. The biggest difference is the transfer of property that…
What Is A Beneficiary Of A Living Trust? The terms for each role in a living trust oftentimes get confused with each other. Sometimes people mistakenly believe that a trustee is a beneficiary and vice versa. While this confusion is common, it can cause some misunderstandings amongst family members. Through this article,…
This question is often asked by clients both during the estate planning process and in the trust administration process after someone has passed. Through this article, we plan to clear up a bit of the confusion surrounding this important role. When someone decides to create a trust, whether it be a revocable living trust or…
It is likely that you have heard of both a will and a living trust, but you may not be able to discern the difference between the two. You may even think that a living trust is just for the super-rich, or even worse, that both a will and a living trust are only for…
Today, February 18, 2020, is National Drink Wine Day. In honor of such an important day of recognition, we have decided to write on a topic that some may confuse with the art of wine tasting, decanting. While many wines get better with age, the same cannot be said for some irrevocable trusts. Maybe you’re…
