Not clear about taxation when a revocable trust become irrevocable. When 39.6% tax for trust income > $12,150 apply.

You are working on two very important aspects of trust planning: Income taxation during your life and after your death. During your life, assuming...

Your question touches on several, independent, but related issues. In California, "Probate" is expensive. Probate is a court supervised process...

Is a lawyer required to send things by mail? The probate code requires delivery of some things by mail in order to meet the terms of the statutes....

A trust in California is presumed revocable unless expressly stated otherwise. Typically, if the settlor (the person who put the property in the...

I plan to put my own home in a Limited Liability Corporation. Will I lose my 250/500,000 home sale tax exclusion if I do so?

I would ask what you hope to accomplish by putting the home in an LLC. Typically, an LLC needs a business purpose. By definition, your own...

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