Tag Archives: Revocable living trust

Does a Will Cover Everything I Own?

Does a Will Cover Everything I Own? No. Generally speaking, your will affects only those assets that are titled in your name at your death. Those assets that are not affected by your will include Life insurance. The cash proceeds … Continue reading

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Mortgage Debt Forgiveness Tax Relief by U.S. Law Set to Expire at End of This Year 2012

U.S. law – Mortgage Forgiveness Debt Relief Act of 2007 – applies to debt forgiven in calendar years 2007 through 2012 – including possible debt forgiven through SHORT SALE process. For purposes of income tax, this law allows for exclusion of income realized as … Continue reading

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Why Use a Revocable Living Trust in California Estate Planning

    Why do financial estate planning?    Protect your property and assets from probate.    Protect your heirs from creditors and lawsuits. Designate guardians for children.  Plan for time of potential incapacity.   Maximize the privacy of your financial affairs         … Continue reading

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