Articles
-
Is My Will and Trust Registered or Recorded Anywhere?
Should I Place My Trust Book in a Safe Deposit Box?Should I Give A Copy of My Trust to The Successor Trustee?How do People Know I have a Trust? I always get questions revolving around the idea of how do people know I have a trust, and where should I store it and isn’t it… -
Can A Beneficiary Witness A Will in California?
SHORT ANSWER The short answer is no. California Probate Code Section 6112 says that the signature as a witness who is also a beneficiary is not valid, but it does not invalidate the Will itself as long as there are enough remaining valid witness signatures. A Will requires two witnesses. Many practitioners have three witnesses… -
California steps to transfer title on a mobile home to a trust?
Transferring a Manufactured home also called a mobile home to a revocable trust is more complicated that simply transferring real property. The following is a step by step guide on how that is done. Step One – What Type Determine whether your home is titled to (1) the Department of Housing and Community Development (HCD)… -
Difference Between a “Legal Guardian” and “Successor Trustee”
A standard Will and Trust Package always includes a “Nomination of Guardian” if you have minor children. It can be a little confusing to understand the difference between a “Guardian” and a “Successor Trustee” because while they are usually the same person, they can be different people. Whether they are the same or different individuals,… -
Can I Name a Foreign Person as my Successor Trustee
Non-Resident Successor Trustee While it is legally permissible to name a foreign person (such as a close relative from your home country) as your successor trustee, there are several problems that arise. Ability to Assume Control of Minor Children The first issue that arises is the pragmatic problem of the successor having to take immediate… -
What is the Federal Estate or Death Tax?
What is Portability? Please note that this trust is not intended to achieve any specific tax benefits. FEDERAL ESTATE TAX EXEMPTION AMOUNTS Most people do not have to worry about estate tax issues. New tax legislation that took effect on January 1, 2018 increased the federal estate, gift and generation-skipping transfer tax exemption to $11,200,000…