The following table compares the main characteristics of Community Property (CP), CP with Right of Survivorship, and Joint Tenancy in the wealth transfer context. A
Estate planning attorneys will typically recommend the creation of a living trust to avoid the lengthy administration of a a will by the probate court
Focus on Tax Issues The term tenancy invokes the occupation of property. Indeed, the most well-known type of joint tenancy is that of real property,
Most families are well aware that probate can be best avoided by setting up a living trust. However, there are other procedures that can transfer
There is a lot to discuss when clients ask about the possible appropriateness of these different wealth transfer vehicles. Sometimes it is helpful to use
The selection of a trustee is one of the most important decisions a settlor can make. Revocable trusts are often established to avoid probate and
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