The federal estate tax is a tax levied by the federal government upon the estate of a deceased person. The federal government gives certain … [Read more...] about What is the federal estate tax?
Can any attorney create a Living Trust?
YES, but you would be better off choosing an attorney whose practice is focused on estate planning. Members of the American Academy of … [Read more...] about Can any attorney create a Living Trust?
Isn’t a Living Trust only for the rich?
NO. A Living Trust can help anyone protect his or her family from unnecessary probate fees, attorney’s fees, court costs and state and … [Read more...] about Isn’t a Living Trust only for the rich?
Is the Living Trust some kind of loophole the government will eventually close down?
NO. The Living Trust has been authorized by the law for centuries. The government really has no interest in making you or your family suffer … [Read more...] about Is the Living Trust some kind of loophole the government will eventually close down?
Can I transfer real estate into a Living Trust?
YES. In fact, all real estate should be transferred into your Living Trust. Otherwise, upon your death, depending on how you hold the title, … [Read more...] about Can I transfer real estate into a Living Trust?
Will a Living Trust avoid income taxes?
NO. The purpose of creating a Living Trust is to avoid living probate, death probate, and reduce or even eliminate state and federal estate … [Read more...] about Will a Living Trust avoid income taxes?
If I set up a Living Trust, can I be my own trustee?
YES. In fact, people who create most Living Trusts act as their own trustees. If you are married, you and your spouse can act as … [Read more...] about If I set up a Living Trust, can I be my own trustee?
The possibility of a disabling injury or illness scares me. What would happen if I were mentally disabled and had no estate plan or just a Will?
A: Unfortunately, you would be subject to “living probate,” also known as a conservatorship or guardianship proceeding. If you become … [Read more...] about The possibility of a disabling injury or illness scares me. What would happen if I were mentally disabled and had no estate plan or just a Will?
What’s the difference between having a Will and a Living Trust?
A Will is a legal document that describes how your assets should be distributed in the event of death. The actual distribution, however, is … [Read more...] about What’s the difference between having a Will and a Living Trust?
