The remaining amount of the estate (after the unified credit is exhausted) is paid to the spouse. Thus, when the first spouse dies, no estate tax is owed (just as if the individual died intestate). However, when the second spouse dies, the distribution to the trust beneficiaries is subjec...
A successor trustee handles the trust’s affairs when the creator of a revocable trust dies. Trustees can administer the trust on their own, but may need the assistance of an estate or trust attorney. A revocable living trust becomes irrevocable once the grantor dies. ...
When creating a living trust, you must specify a trust administrator to oversee it until minors under 18 are old enough to receive theirinheritance. On the other hand, individuals under the age of 18 can be named to receive assets in wills directly. In addition, wills are usually easier and...
“I hired Sam to put a living trust together for me. Sam was personable, patient, and professional. Sam took time in every step of the way to listen to my inquiries about the process. I highly recommend Sam.” –Eric “The experience couldn't have been better! Sam was great and helpe...