Irrevocable trusts are one method California residents can use to protect their assets from creditors and other risks. However, the arrangement is permanent, so a mistake could create endless headaches. Therefore, you should understand how to use these contracts and...
Wills And Trusts
How does a ‘pour-over will’ work in conjunction with a trust?
A pour-over will is a vital estate planning tool that ensures any assets not initially included in a trust get transferred to it upon death. This combination allows for a smoother transition and helps protect assets. What is a pour-over will? A pour-over will is a...
Does money from a trust count as income in California?
Trusts play an important role in managing and distributing assets. People set up trusts to ensure that their assets go to the right people, often after the trust creator has passed away. But what happens when someone receives money from a trust and does it count as...
Is a trust better than a will in California?
Planning for the future is an essential part of distributing one's assets according to their wishes. People often face the decision of whether to establish a trust or a will. Both options have their advantages and can serve different purposes depending on an...