Blog Posts in July, 2012

The estate tax marital deduction is used to reduce the gross taxable estate of a decedent for purposes of calculating estate tax. It generally is the value of property that passes from a deceased ...

The short answer, if you have minor children, is yes. Even though you may have created a revocable living trust and you have been diligent about funding it, a revocable living trust is essentially a ...

I have explained why trusts need to be funded in order to avoid probate in the previous two posts. But simply having a funded trust does not mean that you don’t need to also have a will. No one is ...

When assets are transferred to a trust, the assets become the “principal” of the trust or its “corpus”. Upon the death of the creator of the trust, the principal/corpus is controlled by the terms of ...

If a resident of California creates a revocable living trust (sometimes referred to as an “inter vivos” or “family” trust), that person has taken an important first step. However, without funding the ...