There are two ways to revoke a will. First, you can revoke an older will by a new will. So your new Will will say “I revoke all my previous wills.” The second way is by physical act. My personal favorite. You can tear up the will, you can write void all over it, you…
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Do I Have To Worry About Estate Tax?
Most people don’t have to worry about estate tax. But there is estate tax. There is no estate tax at the state level, so California does not have estate tax. Other states do. So if you have assets in other states, you may be subject to estate tax in those other states. At the federal level that is a…
View full description…What Is A Staged Distribution?
A staged distribution occurs when the trustor or the settlor (i.e. the person who created the trust) wants their beneficiaries to receive their inheritance in portions. So let’s say a beneficiary were to receive two million dollars, some people are concerned that receiving two million dollars at once is too much. So oftentimes you will see something…
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