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I am about to purchase membership in LLC. I personally like trusts; and I also think it is convenient if membership share as an asset will pass the probate when I die. But…. Trust paper itself seems to me sooo informal (contrary to LLC, for example, if I buy this share as an LLC). Let say, I...
What is the name of your state? California
Can solo will beneficiary petitions the Court to transfer IRA funds into deceased' estate, if IRA beneficiary cannot be located?
My dad (Non Resident) set up irrevocable trust. CA House is only asset. My kids are beneficiaries. I am trustee. Dad gave my right to live in the house as long as I am alive. After my death estate passes to kids. Is it gift? If so, how much I have to pay to IRS? House was bought for $400...
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