What Is a Qualified Personal Residence Trust (QPRT)?

What Is a Qualified Personal Residence Trust (QPRT)?

Qualified Personal Residence Trusts are not used very often anymore, but they are still good to be aware of. This type of trust may be something you want to consider during the estate planning process. It is also a type of trust that you may have to deal with if your...

All About Wills in California

Wills are an important part of the estate planning process. A will allows its maker, known as a testator, to accomplish a number of things, including: Leave property to people or organizations Name a guardian to manage property left to minor children Name a guardian...

How are Wills Challenged in California?

When an individual is unhappy with the terms of another’s will, he or she may be entitled to challenge it in court. The four primary reasons that wills are invalidated in California are lack of testamentary capacity, undue influence, signature problems, and fraud....

Does California Have an Inheritance Tax?

Inheritance tax is a widely misunderstood topic, partially because not all states have such a tax. Generally speaking, inheritance tax is a tax liability on an individual’s inheritance. States with an inheritance tax typically exclude surviving spouses from tax...

Wills and Trusts in California: The Basics

Estate planning is a process by which individuals plan for the disposition of their assets, and it is a necessary process for every person who wants to control what happens to his or her estate both before and after death. Wills and trusts are often integral parts of...