In the realm of estate planning, a CLAT is a charitable lead annuity trust. These trusts can be useful if you want to provide assets for a charitable cause. Under certain circumstances, a CLAT can also help you gain estate tax efficiency. Federal Estate Tax Before we explain the intricacies of the charitable lead annuity trust, we should look at the estate tax parameters so that you can determine your level of exposure. The estate tax credit or exclusion is the amount that you can transfer … [Read more...] about What Is a CLAT?
What are the Drawbacks of Joint Tenancy?
When you think about estate planning, you probably think about documents like wills and trusts. These legal devices are used to facilitate postmortem asset transfers, but under some circumstances, assets can pass directly even if documents such as these were never executed. Joint Tenancy Joint tenancy is the condition that exists if you add a co-owner to property that is in your possession. For example, if you decided to add your daughter to the title of your home as a co-owner, she would … [Read more...] about What are the Drawbacks of Joint Tenancy?
What Is an Elder Care Attorney in Campbell California
What Is an Elder Care Attorney in Campbell California from Roy W. Litherland An elder care attorney can help you create a long-term financial framework that leads to a comfortable retirement. Learn more about elder care attorney in Campbell California in this presentation … [Read more...] about What Is an Elder Care Attorney in Campbell California
Free Report: Is Probate Always Required in California?
If you are in direct personal possession of property at the time of your passing, even if you have a last will, the property would become probate property initially. Topics covered in this whitepaper include: Insurance Policy Records Property Held in Joint Tenancy Payable on Death Accounts Revocable Living Trusts Click here to read the whole article or download the PDF. … [Read more...] about Free Report: Is Probate Always Required in California?
Free Report: What is a Special Needs Trust in California?
Now that we have provided the necessary background information, we can look at the value of special needs trusts. These trusts are alternately called supplemental needs trusts. Topics covered in this report include: People With Disabilities Special Needs Trusts Click here to read the whole article or download the PDF. … [Read more...] about Free Report: What is a Special Needs Trust in California?
Should I Change My Living Trust When I Acquire Assets?
A revocable living trust can provide you with a number of different benefits. One of them is the ability to make changes to the trust after it has been established. If you were to establish a living trust, you would create a trust declaration, and this would dictate the terms of the trust. You would typically act as the trustee initially, but you would name a successor trustee to take over after you pass away. The beneficiaries would also be named, and you would leave behind instructions with … [Read more...] about Should I Change My Living Trust When I Acquire Assets?
Free Report: What are the Drawbacks of Probate in California?
The probate court must examine the will to determine its validity. If there were any challenges to the validity of the will, they could be presented during the probate process. Topics covered in this report include: Estate Challenges Time Consumption Loss of Privacy Expenses Avoiding Probate Click here to read the whole article or download the PDF. … [Read more...] about Free Report: What are the Drawbacks of Probate in California?
Free Report: What is a Qualified Personal Residence Trust in California?
If your estate is going to be exposed to the estate tax, you could potentially reduce the taxable value of your home through the creation of a qualified personal residence trust. Topics covered in this whitepaper include: Federal Transfer Taxes Qualified Personal Residence Trusts Click here to read the whole article or download the PDF. … [Read more...] about Free Report: What is a Qualified Personal Residence Trust in California?
Free Report: Will My Heirs Be Forced to Pay An Inheritance Tax in California?
In this post, we will look at taxes that can be imposed on asset protection. Topics covered in this whitepaper include: Inheritance Tax Estate Tax Federal Gift Tax State-Level Estate Tax Capital Gains Tax Click here to read the whole article or download the PDF. … [Read more...] about Free Report: Will My Heirs Be Forced to Pay An Inheritance Tax in California?
What Questions Should I Ask an Estate Planning Attorney?
There are a lot of things that you should know when you are devising your estate plan. If you do not act in a fully informed manner, you could make mistakes that negatively impact your loved ones. When you discuss things with a licensed estate planning attorney, you can go forward in a fully informed manner. Ultimately, you can emerge from the interaction with a personalized estate plan that ideally suits your needs. In this post we will look at some questions that you may want to ask your … [Read more...] about What Questions Should I Ask an Estate Planning Attorney?
