If it’s an irrevocable trust, you can’t change it after it’s created. If it’s a revocable trust, you still pay estate taxes. Will Pros: Can be as detailed as you want in terms of how you want your assets distributed when you pass You can create one on your own using online ...
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Glendale Living Trust Attorney's DVD on Estate Planning, Probate, Wills & end of life decisions in California. Call Bill Wais 818-244-1894.
In case of married persons, the Trust can take advantage of the Marital Deduction and can be set up to save a substantial amount of estate taxes. Each person is allowed to transfer a certain limit during their lifetime, or after their death, tax-free. In 2007 ans2008, the amount that ...
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When a settlor wishes to make more than one or two changes to a living trust in California, they usually create anamended trust document. This procedure is very different from that of changing a will. A person wishing to change a will in California usually revokes the old will and writes...
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Swanson files suit in living trust case; The attorney general accused two California businesses of targeting the elderly using scare tactics and false claims.(BUSINESS)Feyder, Susan
Once you have the trust prepared, you have to execute it. This typically means that you must sign it in front of a notary public and/or witnesses. This varies by state, so make sure you understand the requirements. For example, California and Nevada require you to notarize the trust docum...
In California, testamentary trusts are also called probate trusts. These are trusts that only become effective upon the death of the grantor, the person who makes and funds the trust. Frequently, testamentary trusts are created within the grantor's will, and often the grantor's intent in incl...