Keith Davidson discusses the methods you can use to revoke your California Trust.
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Time to Make Amend…ments.
Keith Davidson discusses how to amend your California Trust.
For our email subscribers: click on the title link to view this video on our website.
In Trusts we Trust: When should you create a Trust in California?
I have heard it a million times before: “I don’t need a Trust because ____________” you fill in the blank: I don’t have enough money, I won’t care when I’m dead, California probate is easy, my wife and I own everything in joint tenancy…there’s many, many excuses and misinformation regarding Trusts in California.
In California
The Mystery Amendment…Powers of Appointment
Did you know that amending a California Trust is not the only way to “amend” a Trust? Sounds like a riddle, but it’s actually a concept known as a “power of appointment.”
A Trust amendment is a simple way to change a California revocable Trust. And an amendment can change any part of the Trust
Transferring Wealth to Generation X-Box
To be honest I have lost track of how we refer to different generations. I know baby-boomers and generation X, I’ve heard tell of generation Y, but I’m lost after that. So let’s just call everyone under age 21 as of now “generation X-Box.” How do you deal with the transfer of wealth to generation
Estate Taxes: An Uncertain Future
Death may be certain, but estate taxes are not. At least not at the end of 2012 when the current Estate Tax exclusion of $5.12 million is set to expire and be automatically reset to $1 million. With proper planning, married couples can combine their exclusions for a total amount in 2012 of $10.24 million.
Domestic Asset Protection Trusts: Improving financial longevity
I will admit that I am not the biggest proponent of asset protection devices. Primarily because there seems to be a lot of schemes and scams sold under the guise of “asset protection.” But not every asset protection device is bad. In fact, there are some very good, and legitimate (and, yes, legal), asset protection
The Empty Will: Why a California Will or Trust May Not Control Your Assets after Death.
You may think that a California Will or Trust controls the distribution of all your assets after your death. You may be surprised to learn just how meaningless a Will or Trust can be depending on how your assets are titled.
When a person is alive, his assets are viewed as belonging to him. When
Are Your Gifts Taxable? The Tax Result of Making California Gifts
I recently had the pleasure of speaking with Kate Ashford, a freelance journalist who occasionally writes “The Help Desk” column for CNNMoney online. Her question was a common one: how are gifts taxed? There is a lot of confusion on how gifts are taxed, and to whom they are taxed. Here’s a few
Are Professional Advisors Helping You Grow a Successful Business?
Lawyers are, in part, counselors and advisors. As with accountants, tax professionals, financial planners, bankers, etc., lawyers should play a role in helping to grow and maintain a successful business by giving practical, helpful advice. But all too often professional advisors (lawyers being the prime suspects) stand in the way of business success.
This is