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The post Living Trust vs. Will in California: Differences and How to Choose appeared. Today’s choices shape the future for children, great-grandchildren and future descendants. For Californians ...
Virtually all trusts are made in written form, either through an inter vivos or "living trust" instrument (created while the settlor is living) or in a will (which creates a testamentary trust). Therefore, in understanding certain terms in a trust, general rules of construction regarding interpretation of wills or other testamentary documents ...
Image source: Getty Images. 1. You don't have to go through the probate process. When it's time for a will to be executed, it goes through a process called "probate." During probate, a court ...
The post How to Amend a Living Trust in California appeared first on SmartReads by SmartAsset. Living trusts are a fundamental pillar of estate planning. But they need to be dynamic, adapting to ...
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the additional gift tax cost of transferring income producing assets to the trust and; the grantor trust rules of IRC §677(a)(3) cause the grantor to be taxed on the trust's income. Unfunded insurance trusts own one or more insurance policies and are funded by annual gifts from the grantor.