If you are happily married and have substantial wealth in California that could be subject to federal taxes, you may want to consider a QTIP trust for your partner. Here's what it does. Understanding a QTIP trust and how it works From the basics, trusts are legal...
Redding, California, Law Blog
ESTATE PLANNING – Trusts
How to use unit investment trusts (UITs)
The world of trusts in the state of California is a particularly complex one. It often involves dozens of potential considerations and a number of trade-offs. Conflicts over trusts and decisions regarding their implementation can take years. Unit investment trusts...
How does a bypass trust work?
Planning your estate in California is the best way to ensure the smooth transition of your assets. You want to ensure that your surviving spouse and children are cared for. You also want to preserve as much of your holdings as possible. There are several methods that...
California wills vs. trusts: What’s the difference?
In California, planning your estate involves important decisions about the best tools to accomplish your objectives. Commonly used tools like wills and trusts govern how your assets get distributed to your beneficiaries, and it is essential that you understand the...
Defining a spendthrift trust and its benefits
In California, a spendthrift trust is an estate planning tool to help regulate your beneficiaries’ access to the assets or funds held within a trust. By choosing this type of trust, you can maintain control over how your assets get distributed while ensuring that your...
How do life insurance trusts work in California?
California residents setting up their estate plans might be looking into setting up a trust for their loved ones. Trusts give a certain amount of protection from probate and estate taxes and make it easy to pass along assets. Many California residents might turn to a...