My spouse has died, do I need to file an estate tax return? California does not have any estate or inheritance taxes at a state level.
When you use a trust, you bypass probate, a lengthy legal process that validates your will, and you leave precise, legally binding instructions for how to distribute and potentially maintain your assets. Have a beneficiary with special needs who’s ill equipped to manage the inheritance? Bequeathing complex assets that require…
California is one of the few states which has enacted filial laws. Filial laws place a requirement on adult children to support a parent who is unable support themselves. The filial laws were enacted in 1994 and amended in 2019 in California Family Code Sections 4400-4405. When determining the amount…
Guns can be transferred to intended beneficiaries through a special purpose trust. The special purpose Gun Trust will contain the applicable state and federal statutes governing firearm possession and ownership to protect not only the Successor Trustee but also the beneficiaries from liability for possessing a firearm which state or…
Establishing your estate plan including a Living Trust is merely the first step in avoiding probate and allocating your assets to your loved ones on your death. Trust maintenance must follow to fund the Trust with change in assets, life changing events (death, divorce, inheritance, etc.), and occasional changes in…
