Yes, both trustees and executors are entitled to be compensated for the services they provide in administering a trust or estate. In California, the law provides specific guidance on compensation, and both state and federal tax authorities treat that compensation as...
A living will in California – formally known as an Advance Health Care Directive (AHCD) – is a vital legal document that allows you to state your preferences for medical care and to name a trusted person to make health decisions on your behalf if you become unable to...
Creating a living trust is a powerful estate planning tool – but its value depends entirely on whether it’s properly funded. Funding a trust means transferring ownership of your assets into the trust’s name. Without this crucial step, the trust may not serve its...
One of the most valuable yet often overlooked tax benefits in estate planning is the "step-up in basis." In California, where property values are often high and many residents use living trusts to manage and transfer their assets, understanding how the step-up in...
Artificial Intelligence (AI) is great for generating meal plans or organizing workouts but, when it comes to something as important as your estate plan, you might want to think twice. Many people are tempted by do-it-yourself (DIY) legal tools and AI-generated estate...
Artificial Intelligence (AI) is great for generating meal plans or organizing workouts but, when it comes to something as important as your estate plan, you might want to think twice. Many people are tempted by do-it-yourself (DIY) legal tools and AI-generated estate...
