Tag: property taxes

Administering a trust after the death of a trustor is a process that demands both time and effort, but it is crucial for ensuring the trustor’s wishes are honored and beneficiaries are taken care of. This process involves a series… READ MORE

Closing out a living trust is a process that trustees may consider when the trust is no longer needed, typically because the “trustor” has died and the successor trustee steps in to administer the trust (or close out the trust).… READ MORE

When a living trust is created the person who establishes the trust (the grantor) typically selects a trusted individual to function as the executor, who is responsible for managing and distributing the trust’s assets after the grantor’s death. The role… READ MORE

Estate planning is a crucial aspect of securing your assets and ensuring a smooth transition of them to your beneficiaries. While both wills and living trusts are popular estate planning options, it’s important to weigh the pros and cons. In… READ MORE

Estate planning can be a daunting task but creating a living trust in California doesn’t have to be. While some may find the process expensive and time-consuming it can be surprisingly easy and fast if you follow the right steps.… READ MORE

A living trust, often hailed as an essential component of estate planning, provides a unique way to safeguard one’s financial future and streamline the inheritance process. But beyond providing peace of mind, a living trust can yield significant savings, both… READ MORE

Setting up a living trust is a crucial step for anyone seeking asset protection and estate planning. Not only does it give you peace of mind, but it also ensures that when the time comes, your family will be taken… READ MORE

Virtually every person who is designated to inherit will claim the inheritance when the time comes, whether inheriting from a living trust or from a probate. Who would refuse to claim an inheritance? No effort is required. Only patience. After… READ MORE

Virtually all living trusts direct the trustee to pay the debts at death. People do not wish to die leaving their bills unpaid. Some are even concerned about timely payment. They don’t realize that creditors back off when there is… READ MORE

If you leave burial instructions in a health care power of attorney, or in a signed writing as part of a living trust, you may avoid unfortunate post-death consequences that cannot be undone. A retired bachelor made a will in… READ MORE