Estate & Trust

California Changes Tax Legislation for Incomplete Non-Grantor Trusts

September 18, 2023By Richard Umanoff

Prior to January 1, 2023, California residents were able to avoid California taxation for any income earned

Get Organized with KROST’s Will & Trust Asset Legacy Planner

June 28, 2023By KROST CPAs

Have You Heard About KROST’s Will & Trust Asset Legacy Planner? We understand the difficulty when losing

Take Advantage of Lifetime Exclusion While You Can

May 9, 2023By Kimberly Hoang, CPA

When a person passes away, the deceased’s assets are subject to federal estate tax if the total

Estate & Trust Planning Strategies: Power of Appointment and Disclaimer Trust Explained

April 5, 2023By Douglas Venturelli, Esq.

In one of our previous articles, we covered the topic of disclaimers as an excellent post-mortem tax

Trust Check-Up: 3 Key Things In Reviewing and Updating Your Trust

March 20, 2023By KROST CPAs

According to a recent study, 66% of Americans have no estate plan to protect their assets. If

The Impact of Power of Attorney and Understanding the Differences

February 20, 2023By Douglas Venturelli, Esq.

We often get questions about what to do when a person wants to give up their authority

The Trust “Oil Change” – Reviewing and Updating Your Trust

December 15, 2022By Richard Umanoff

As one annually services their automobile for an oil change and routine maintenance, it is also prudent

Benefits of Disclaimers in Post-Mortem Estate Planning

October 27, 2022By Douglas Venturelli, Esq.

When considering the creation of a will or a trust, one usually thinks about pre-death planning. However,

What is a SLAT?

August 31, 2022By Douglas Venturelli, Esq.

A Spousal Lifetime Access Trust (SLAT) is a trust established between spouses. Essentially, one spouse gives the

Window to Make Portability Election is Extended to Five Years

July 29, 2022By So Sum Lee

Since lifetime gift exemption has drastically increased by the Tax Cuts and Jobs Act (TCJA), which went