If you are responsible for overseeing the probate of an estate, chances are good that you are doing so while also grieving the loss of a loved one. It can be emotionally and practically challenging to try and fulfill your duties as Executor under those conditions. An Executor has numerous important responsibilities, including making sure federal gift and estate taxes are calculated correctly and paid on time. To help you fulfill your duties as Executor, the Los Angeles probate attorneys at … [Read more...] about How Do I Pay Estate Taxes?
Federal Estate Taxes in California
Avoiding Federal Estate Taxes from Scott Schomer A living trust does not save on taxes because you retain the ability to amend or revoke the trust at any time. Estate taxes can only be avoided if the assets are effectively removed from your estate. But since you can take back your assets at any time, in reality you still own those assets. As such, federal tax laws include living trust assets in your estate for the purpose of estate taxes. Learn more about avoiding federal estate taxes in this … [Read more...] about Avoiding Federal Estate Taxes