A Qualified Domestic trust is also known as the QDOT, or QDT, and enables a non-U.S. citizen spouse of a U.S. citizen to qualify for an unlimited marital deduction. This prevents the survivor from keeping the estate from being subject to federal taxes. Continue reading
Tag Archives: Palm Springs trust and estate law firm
Probate court can be expensive, time-consuming and take the power to disperse family assets out of your hands. Estate Planning using a will & revocable living trust can ensure that your wishes are properly executed. Learn how our Palm Springs trust and estate law firm can help organize your inheritance property to avoid family disputes.
Many California families have been very successful in accumulating valuable financial assets. Unfortunately, this wealth might attract frivolous lawsuits. Learn why a Family Limited Partnership (FLP) offers solid legal protection against frivolous lawsuits.
Trusts are often a complicated area of the law. A trust is formed when a person transfers their property to a beneficiary, giving them the benefit of the property. This individual is the trustor. In turn, the individual who receives the item is then known as the trustee. It is important that you know these roles as you begin to explore the laws surrounding trusts. Continue reading
Within the next couple of decades, trillions of dollars will be left to children by their parents. When you plan to leave a significant amount of money to your loved ones, it’s important to do it the right way. Here are several steps to remember if you plan to leave your children an inheritance. Continue reading
Whether you are part of a couple or a single parent, married or not, you owe it to your children to plan a guardian and secure their future by planning your estate. Although most often, custody of your children will go to the other parent, in many cases it is complicated. Continue reading
Members of the LGBT community know that it is important to plan ahead for their partners and families in case of accidents or illness. Put your plan together now and avoid leaving your partner in an awkward situation. Continue reading