Naming the Trust as Beneficiary, Creating an IRA Sub-Trust
You May Need To Consider The Benefits of Creating an IRA Sub-Trust if your beneficiaries are not great money managers in order to really benefit them.
Articles about Administer a Trust
Do I report the capital gains tax on my income tax return or is it reported on the trust tax return?
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.
My father recently told me that he appointed me successor trustee of his living trust. I’m honored. But, I don’t know what I’m getting myself into. What are the duties of a trustee?
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.
What should I do with my estate plan now that I’ve been diagnosed with early stage dementia?
A dementia diagnosis may mean you will lack capacity to update your estate plan in the near future. It is important to update your estate plan to address your needs.
Why You Should Call an Estate Lawyer If Your Child Is Diagnosed With Down Syndrome
Has your baby been diagnosed with Down Syndrome? Find out why you should call an estate planning lawyer to help you protect your child’s future.
Consider a Corporate Trustee Under These Four Scenarios
It may be wise to Consider a Corporate Trustee. Over time, your original choice for a trustee may no longer work.