Wills and Trusts

March 26, 2014
Formality requirements in using single jurisdictional will

Formality requirements in using single jurisdictional will

One concern with using one Will that covers multiple jurisdictions/countries (i.e. a single multi jurisdictional Will) is that jurisdictions have different formalities that must be satisfied. […]
March 26, 2014
Does it matter who I name as the executor of my Will?

Does it matter who I name as the executor of my Will?

The short answer is, “Yes”—it matters very much who you name as your executor of your Will (or Wills) or the personal representative of your estate. […]
March 26, 2014
How should a trustee document his or her actions?

How should a trustee document his or her actions?

Whether or not the trustee accepts a fee, he or she should keep a log diary of the work done as trustee, including: The date Amount […]
March 26, 2014
Parent-child and/or grandparent-grandchild exclusion

Parent-child and/or grandparent-grandchild exclusion

A reappraisal of real property in the trust is required at the death of the settlor for property tax purposes unless an exclusion applies such as […]
March 26, 2014
Provisions to know in decedent’s testamentary instrument

Provisions to know in decedent’s testamentary instrument

With the assistance of an attorney it is important to determine the decedent’s intent. For this, ask whether distributions are to be made outright to the […]
March 26, 2014
What is a step up in tax basis and am I eligible?

What is a step up in tax basis and am I eligible?

A tax basis is generally the amount of your investment in a property for tax purposes. The tax basis gets used to figure depreciation, amortization, depletion, […]