Hey there, everyone. This is Bridget MacKay from MacKay Dressler Law Firm, and I just wanted to answer some of the most common questions we get about trusts. So, the first one is, will a trust avoid taxes? And that answer is sort of maybe, mostly no. So, your regular income taxes that you […]
Estate Planning
Navigating Tax Issues With Vacation Property Rentals
Purchasing a vacation home and renting it out is an excellent way to help finance the property. However, the tax aspects of renting your vacation home while also using it as a personal residence can get tricky. By involving a tax professional at the beginning of the process, you can avoid complicated tax problems down […]
What Are the Requirements for a Valid Will in California
When you think about estate planning, a will is often the first document that comes to mind. A will is familiar, widely discussed, and deeply rooted in popular understanding of how property passes at death. Still, California law does not treat wills casually. Very specific legal rules determine whether a will is valid, and missing […]
Avoid Family Disputes Through Clear Estate Planning
Hey there, Bridget MacKay at MacKay Dressler Law Firm. And today I want to talk to you about avoiding family disputes through clear planning. So, a lot of us have this fantasy that when we pass away, our loved ones are going to become closer together because I’ll be gone and they’re going to […]
Can I Be the Trustee of My Living Trust?
Estate planning lawyers sometimes hear this question from clients: “Can I be the trustee of my living trust?” Some are surprised to hear that you can in fact act as the trustee while you are living. But what happens next? And why would someone want to use a living trust in the first place? Let’s […]
Is It Better to Gift a House or Put It in a Trust?
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