How Are Estate Taxes Assessed?

Not every estate will be required to pay federal estate taxes because it applies only to those estates valued at over $12.06 million in 2022. Likewise, not every state assesses its own estate tax. However, if your assets have appreciated a lot over time or if you do live in a state with its own… Read More »

Should You Write a Letter of Instruction?

Your will is the formal legal document that tells the court and your personal representative how to administer your estate. But it might not be enough clarity for your loved ones. Someone who is appointed to settle your affairs after you pass away may find this confusing and overwhelming. Even though the courts can provide… Read More »

What Makes a Will a Simple Will?

If you’re new to estate planning in Pasadena, you might be curious about how best to proceed with your process. You might also wonder, “Do I need more than a will?” In California, this is known as a statutory will. However, a fill in the blank form leaves out room for customization and goals in… Read More »

What Does a Successor Trustee Do?

If you establish a revocable living trust, you typically appoint yourself as the trustee while you’re still alive. This enables you to make important decisions and take actions in relation to the trust, meaning that you still have control over the assets inside. However, if something happens to you, another party will need to be… Read More »

What Is The Trustee Duty To Give Notices?

Anyone who has recently been appointed in the role of trustee needs to understand the action steps they must take in order to comply with the terms of the trust as well as any relevant state laws. This can help to avoid future potential disputes and liability issues facing that trustee. A trustee who has… Read More »