by James F. Roberts | Jul 7, 2017 | Administer a Trust, Probate, Trustee Duties
CEB’s California Trust Administration Section 11:49 provides “In general, when a capital asset is sold or exchanged and gain is realized, the gain is principal and is retained in the trust, and the trust recognizes and pays tax on the gain.” Thus, generally the irrevocable trust will report the capital gains. There are rare exceptions depending on the language of the trust and other factors but more often it is the trust that reports this gain.
by James F. Roberts | Jul 7, 2017 | Administer a Trust, Trustee Duties
When my father appointed me successor trustee I was honored. It shows that your father respects your loyalty and trustworthiness and that he believes you are capable of administering his trust.
by James F. Roberts | Jul 7, 2017 | Administer a Trust, Trustee Duties
The process of estate planning is ongoing. When you receive newly acquired stock, consider registering ownership in beneficiary form.
by James F. Roberts | Jul 7, 2017 | Administer a Trust, Power of Attorney, Trustee Duties
What can you do to keep honoring your loved one after he has died? Find out how you can help with his estate plan and make sure his wishes are respected.
by James F. Roberts | Jul 7, 2017 | Administer a Trust, Trustee Duties
Four types of legatees and devisees to beware of as you administer an estate. For more information call or email our office.
by James F. Roberts | Jul 7, 2017 | Administer a Trust, Trustee Duties
After your loved one passes, you are named executor under their will. It is important to think carefully before accepting.
