Tax Strategies and Implications When Settling a Trust or Estate Dispute

It’s critical that the couple understand and adhere to the rules governing their acts. Married clients often establish a Family Trust to control the disposition of their assets During their lifetimes, clients may transmute (that is, change the form of) property, whether from separate to community, from community to separate or from the separate property of one spouse to the separate property of the other spouse. A transmutation isn’t valid unless made in writing by an express declaration that’s made, joined in, consented to or accepted by the spouse whose interest in the property is adversely affected. The writing must contain language that expressly states that the characterization or ownership of the property is being changed.

Legal Aid Marin & MCBA 2016 Pro Bono Appreciation Luncheon

Principal Ryan Szczepanik presented on “Tax Strategies and Implications When Settling a Trust or E[..]