Category Archives: Estates & Trusts

A Texas Companion To the Course in Wills Trusts & Estates

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Language: English

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Size: 9.49 MB

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These have become increasingly popular over the years, as more and more people want to avoid probate and ease the tax burden on their estates. The first involves complicated family situations — a second marriage, a family business, or children with substance abuse or mental health problems. As a result, valuable time could be lost. For taxpayers who are married filing joint returns, the threshold for the net investment income tax is $250,000.

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Casenotes Legal Briefs: Wills Trusts & Estates Keyed to

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Language: English

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Size: 14.33 MB

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Administering estates by collecting assets, paying liabilities and distributing to the beneficiaries in accordance with the Will or intestacy legislation (where there is no Will). Attorneys in the Spilman Wills, Estates & Trusts Practice Group work daily to address our clients’ estate planning and fiduciary administration needs. We’d love to hear from you and talk about how our team can help you. Another common strategy for reducing the burden of estate taxes for both married couples and unmarried individuals involves establishing annual giving plans, often through use of gift trusts, life insurance trusts, and family limited liability companies.

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Loring & Rounds: A Trustees Handbook, 2013 Edition

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Language: English

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In the event there are no such issue then living, the then remaining principal of the separate trust of my deceased granddaughter shall be distributed to the PAULA SUE DIMAGGIO TRUST. These lawsuits can be contested claims against the estate, or more likely, assertions that the Last Will and Testament is improper and does not control or the personal representative has committed some wrong. In particular, the question was whether the person signing the document (the "principal") loses any power or authority once they sign the POA document.

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A Guide to Church Property Law: Theological, Constitutional

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Language: English

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Transmutation of Separate Property to Community Property: Family Code Section 2640 Lays a Trap for the Unwary A discussion of the requirements for an effective waiver of the right to reimbursement for separate property contributions to community property. C. on A power of attorney (POA) is an important component of an estate plan because it provides details for making critical financial and medical decisions if a person becomes incapacitated. Our lawyers bring a great deal of experience and sensitivity to mitigate situations where emotions and conflicts tend to escalate.

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How to Probate & Settle an Estate in Texas (Legal Survival

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Language: English

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It is important that you review and update past planning, especially your Will. The term "education" shall be construed to mean not only all levels of education in the customary sense, including private tutorials and professional and advanced education, but also spiritual education, musical instruction, and physical education, including summer camps for minor beneficiaries. We also provide trust attorney services, creating revocable living trusts, charitable trusts, special needs trusts, living wills, and financial and medical powers of attorney.

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Splitting Heirs: Giving Your Money and Things to Your

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Are there any other descendants you haven’t yet mentioned? We serve many clients who are the second or third generation of their families represented by Taylor, Ganson & Perrin. The deduction for distributions will act to reduce the trust’s taxes. Because estates and trusts operate as conduits, substantial tax savings may result from distributing the income, including net investment income, to a beneficiary who is in a lower tax bracket. S. beneficiaries of the trust—and how planners can use foreign grantor trusts to assist their clients.

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New York Estates, Powers, and Trusts Law and Related

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Language: English

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Size: 7.30 MB

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A confident, assured approach to probate gives families the comfort they need to establish fond memories while a loved one’s material legacy takes new form. Greenwood, offers 20 years of experience. In certain situations, the surviving spouse may access the principe of the B trust. You should consult an estate planning attorney for individual advice regarding your own situation. One hundred percent of us are going to die.

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Study Guide: Trust Law 2014-2015 Volume.1: Introduction to

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Language: English

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The use of trusts involves a complex web of tax rules and regulations. We’ve helped a lot of other people just like you, and would consider it an honor to work with you. This process may include the: Appointment of your personal representative; Collection and safeguarding of your assets; Sale of your real or personal property, as needed; Settlement of all claims against your estate; Preparation of probate court petitions and accounts; Valuation and inventory of your property; Preparation of all required income and wealth transfer tax returns; and Distribution of your assets to your beneficiaries or heirs.

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Estate and Gift Tax Handbook

Format: Ring-bound

Language: English

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Size: 5.81 MB

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Provide for the disposition of a business at death. Another benefit is that life insurance proceeds are usually available immediately upon death, so the assets in your estate may not have to be liquidated to pay estate taxes. Where a lifetime gift is made, yet the client retains access to fixed regular payments for the rest of their life. Sometimes, the grantor, trustee, and beneficiary are the same person, in which case, the grantor also appoints a successor trustee to manage the trust when the grantor dies or becomes incapacitated.

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California Wills and Trusts, Volume 1

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Language: English

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Size: 11.84 MB

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And while the increased acceptance of living trusts ticked off many attorneys (since they stood to lose probate fees), the living trust was here to stay. Please visit our Denver Tax attorney WEBSITE for more information on our Colorado and Federal Tax Law practice, including information on estate taxes. Corporations, LLCs, trusts, equity stripping, and other ownership techniques can be used to beef up your asset protection. Making changes to your will or living trust without following the proper execution requirements in your state is a common cause of will and trust disputes.

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