Do you recommend that we transfer our checking account into our living trust?For more info read here or give us a call at our offices.
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.
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.
Trustees and beneficiaries don’t get along, the trust must still be implemented properly. Here, find out more about how to do that.
You must do a trust modification if you recently moved to Anaheim after previously living out of state.for more info read here.
