Another Ruling Eases Concern Over Trust Funding
Continuing a recent trend liberalizing rules on trust funding, yet another California court case has deemed a trust to be funded with real property even in the absence of a deed expressly referring to the trust: Carne v. Worthington If attacked, do you want to be...Robin Williams Estate on Entertainment Tonight – YouTube
Widow vs. children. This happens more commonly than decedents expect before they die. Perhaps a total return unitrust would have worked here. If attacked, do you want to be Victor or Victim? At SacredHonor.US, we hate it when people die embarrassed. And at Protect.FM,...Whitney Houston Estate on Entertainment Tonight – YouTube
Whitney Houston’s estate in the news again — death of her daughter and failure to update her plan means assets are back in Whitney’s estate. If attacked, do you want to be Victor or Victim? At SacredHonor.US, we hate it when people die embarrassed....IRS Allows Late QTIP and Reverse QTIP Elections, Allocation of GST Exemption
This content is for members onlyLana Meisner, wife of Eagles member Randy Meisner, is killed in gun accident – LA Times
BTW, there is no such thing as a “gun accident” — this was a negligent discharge. Stop a moment and think whether your family is trained at least in the basic rules of gun safety. I can tell you it is very common for family members with absolutely no...When Buying a House Becomes an Estate Planning Horror Story: One Family’s Fight
Unfortunately, even a simple, seemingly trivial mistake can turn an otherwise careful transfer of an asset (like a house) into a horror story – and you may not even realize you’ve made a mistake until it’s too late. One Arkansas family currently faces big consequences...IRS Apparently Not Requiring Form 8971 Where 706 Filed for Portability Only
The instructions for Form 8971 (report of final estate value for assets to be distributed) are not exactly clear on whether the form must be filed where an estate tax return (706) is filed merely for porting deceased spousal unused exclusion amount (DSUEA): The filing...Reassessment and Entities (Reassessment and Estate Planning, Part 3)
For a deeper understanding of this subject, please take our self-paced online course or attend one of our live seminars. All training is free. Follow @guntrust If attacked, do you want to be Victor or Victim? At SacredHonor.US, we hate for people to die...Reassessment and Individuals (Reassessment and Estate Planning, Part 2)
For a deeper understanding of this subject, please take our self-paced online course or attend one of our live seminars. All training is free. Follow @guntrust If attacked, do you want to be Victor or Victim? At SacredHonor.US, we hate for people to die...Intro to Reassessment (Reassessment and Estate Planning, Part 1)
For a deeper understanding of this subject, please take our self-paced online course or attend one of our live seminars. All training is free. Follow @guntrust If attacked, do you want to be Victor or Victim? At SacredHonor.US, we hate for people to die...The Importance of Trustee Selection and How to Do It
For a deeper understanding of this subject, please take our self-paced online course or attend one of our live seminars. All training is free. Follow @guntrust If attacked, do you want to be Victor or Victim? At SacredHonor.US, we hate for people to die...California Appellate Ruling Broadens Use of Heggstad to Fix Trust Funding Issues
Ukkestad v. RBS Asset Finance Filed March 16, 2015, Fourth District, Div. One Cite as C065630 Settlor established a Trust which recited that all of his “right, title and interest” to “all of his real … property” is included in the Trust’s assets. After the Settlor’s...Trusts Implied by Court
The Probate Code defines trusts as either express trusts, or trusts implied through court action. Implied trusts are of two kinds: resulting trusts and constructive trusts. Resulting Trusts A resulting trust is imposed by law where circumstances show that the...Trust Funding Basics
This content is for members onlyTrust Administration
Probate administration, or administration of an estate, begins after death. There is no administration required of a will during life, however even with a will-based estate plan it is a good idea to review the plan on a regular basis to make sure it is up to date and...Reverse Mortgages and Irrevocable Trusts
This content is for members onlyResponsibilities When a Loved One Leaves the Range
Estate settlement responsibilities can get complicated and tend to arrive precisely at the time when we are least able to handle them, emotionally and perhaps physically. Here is a general discussion of some of the issues involved for a simple estate, but keep in...CHOOSING TRUST SITUS
Put simply, trust situs is where a trust is located. However, a trust can hold assets in many states so situs does not simply mean where trust assets are located—although place of administration of personal property can be a factor considered by courts. (Real property...
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