Learn how to be a Successor Trustee from Gary
Learn how to be a Succesor Trustee from Attorney Gary Quackenbush of GQ Law. If you have been named as the Successor Trustee of someones Trust, you are probably wondering what you are in for. Gary explains in 13 minutes the basic requirements and duties of a Successor Trustee. He gives you a list of the things you need to do and some ideas on how to get the job done...
Read MoreMoney and Trusts, Frequently Asked Questions
Money and Trusts, FAQ Marty Schneider, the Retirement Professor, asked me questions the following questions on our radio show today: What happens to money outside of the Trust when the trust creator dies? The money must be transferred to the Trust but may require court orders to make the transfer. Smaller amounts of money can be transferred through the use of Affadavits. How can you make sure that life insurance is in the Trust? You can look in our your original policy or ask the insurance administrator or company to provide that information. How can you make sure the bank accounts are in...
Read MoreChristmas in July: Federal Gift Tax
The Federal Gift Tax and You What is the gift tax? Do I owe a gift tax? Do I need to report all gifts to the IRS? There are certain amounts and ways to give gifts tax free to your descendants and friends both during your life and through a properly arranged Estate Plan. What’s important is to learn the rules, set up a clear Estate Plan with Gary (858-549-8600) and make sure your loved ones and finances are all squared away. What is the federal gift tax? The gift tax is a federal tax that applies to all the gifts you make in a lifetime. Lucky for most, unless you live in Connecticut or...
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