How long do records of a testamentary trust need to be maintained?
Testamentary trusts, created through a will and becoming active after death, present unique record-keeping challenges compared to living trusts. The …
Point Loma Estate Planning Law
How is capital gains tax handled in an irrevocable trust?
Navigating the tax implications of an irrevocable trust, particularly concerning capital gains, requires careful consideration. An irrevocable trust, once established, …
How is a testamentary trust different from a living trust?
Estate planning involves numerous tools, and understanding the nuances between them is critical for ensuring your wishes are carried out …
How does an irrevocable trust differ from a revocable trust?
Trusts are fundamental tools in estate planning, allowing individuals to manage assets for beneficiaries, both during their lifetime and after …
How does a testamentary trust treat jointly held property with rights of survivorship?
Testamentary trusts, created through a will, are powerful estate planning tools, but navigating their interaction with jointly held property featuring …