Trust tax rates are outrageous. (See table of Trust Tax Rates below.) There are two types of trusts: a simple trust and a complex trust. The type of trust you get will determine whether or not you are subject to trust tax rates. Simple trusts include the
Intestate Inheritance Is the Way the State Divides Property Intestate inheritance does not mean that you will inherit something from someone who lives in another state. Intestate inheritance means that you inherit from a relative who dies without a valid will or a trust and owns property.
Most folks have heard about a family trust, and they may know that it has to do with the law, but they don’t know much about them. A family trust is an estate planning document organized to help hold and pass property upon a death. It may
Avoid Probate – Overview Avoid probate and the time delay and expense if a loved one passes away or becomes incapacitated. Here comes the probate trick. When your bank account is owned by your trust, i.e., it is in the name of your trust, and you die,
