Handling Personal Property in a Living Trust Administration
During a living trust administration focus is usually on real estate, the remainder of the property usually consists of personal property.
Create an Effective Orange County Estate Plan with Personal Property
As you create your estate plan, carefully consider the following points pertaining to personal property. Read here for more information.
Perpetual Gifts May Be an Inefficient Way to Give to Charity
Previously, wealthy citizens established a charitable foundation or trust as a means of reducing estate taxes and leaving behind a lasting legacy. Today, however, experts in philanthropy suggest that these “perpetual gifts” are a inefficient way to give to society.
Estate Administrators Are Responsible for Paying the Bills
During the estate administration process, many expenses can arise. The administrators are responsible for making sure these bills get paid.
Annual Gifts Pay the Policy Premiums for an Irrevocable Life Insurance Trust
If an irrevocable life insurance trust was created to hold a policy, you must pay the policy premiums. The procedure for doing so must be handled properly.