Estate Tax Portability: What to Know

High net worth married couples who may owe federal estate taxes when the second spouse passes away, could tap into a strategy known as portability, which was recently improved on behalf of couples by the IRS. Even though a spouse could inherit all of their partner’s assets tax free, estate taxes could potentially be owed… Read More »

What Happens If a Trustee Wants to Resign?

If you intend to use a trust for estate planning reasons in California, you must carefully choose who you’ll appoint as trustee. Failing to take proper care in doing this could mean that your trustee decides to resign. Some people appointed as trustee don’t realize all the work that goes into it or the level… Read More »

Will Creating a Trust Benefit My Company as An Entrepreneur?

Entrepreneurs and business owners are responsible for so many different details. Some of these include protecting assets, leaving a legacy, minimizing taxes, managing operations and hiring the right people. Many of these questions can be answered by thinking about creating a trust. A trust forms a fiduciary relationship in which one party, the creator, gives… Read More »