Hey there, Bridget MacKay with MacKay Dressler Law Firm. This is a continuous vlog about the five most asked questions in our office. I left this one video recording for this one question because it is such an important one. Because those of you out there who have a trust should listen very closely. […]
Trusts
Trust Basics: 5 Key Questions Answered (Part 1)
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 […]
Can You Revoke an Irrevocable Trust?
When you create an irrevocable trust, the assets you place in it are generally considered locked away. The common assumption is that such a trust cannot be changed. In reality, under certain circumstances, it may be possible to revoke or terminate an irrevocable trust, but the process is complicated. A trust is its own […]
How Long Does Trust Administration Take?
Hi everybody, my name is Miranda Dressler, attorney with MacKay Dressler Law Firm in Petaluma, California. So, how long realistically does a trust administration take after somebody passes away? There’s a bit of a myth out there that when someone has a living trust, and they die, that somehow things are going to be […]
Funding Your Trust Explained
Hi, everybody. I’m Miranda Dressler, attorney with MacKay Dressler Law Firm in Petaluma, California. What is funding your trust? We here at the office kind of say that word a lot. It’s a word that’s used in the context of estate planning, specifically living trust funding. What does it really mean and how important […]
Trust Protectors and Estate Plans
If you have never heard of a trust protector, you are not alone; the role is relatively new to trust and estate law. A trust protector can be a valuable part of your estate plan, and it may be worth considering appointing one. The Role of a Trust Protector In general, the trust protector’s […]
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