Resources

Divorce Preparation – Part 2: Collect these documents

Divorce Preparation – Part 2: Collect these documents

Collect these documents to prepare your forms These documents are the basis for the financial disclosure divorce filings: Individual income tax returns from the past three to five years (federal and state) Any business income tax returns from the past three to five...

When Is Your Trust Taxable in California?

When Is Your Trust Taxable in California?

Generally, a trust is taxable in California if a fiduciary or beneficiary (other than a contingent beneficiary) is a resident of California under California Revenue and Taxation Code 17742.  This is true even if the original settlor was not a resident of California....

What is Probate and What Does It Entail?

What is Probate and What Does It Entail?

Probate is the process of transferring assets from a decedent to an heir.  For those who die in California with assets over $150,000 and without a trust, or perhaps with an improperly funded trust, the only way to transfer title from a decedent to a beneficiary is...

California Irrevocable Trusts

California Irrevocable Trusts

Irrevocable trusts can help to provide long-term asset management.  Although irrevocable trusts are not suitable for everyone, they can be an important estate planning tool for some. While irrevocable trusts are by title inflexible, some states, including California,...

Realistic Expectations of the Time Frame of the Court

Realistic Expectations of the Time Frame of the Court

Per California law, the time-period between filing for a divorce and finalizing it can be no less than six months and one day. Divorcing couples are often surprised to learn that due to a full and complex court system, divorces can take several months or...