The most common asset transferred to a Living Trust (also known as an intervivos trust) is the residence of the person creating a trust. Here is a checklist of the steps to transfer real property into the Living Trust.
A revocable inter vivos trust will not save any federal income, estate or gift tax during the settlor’s lifetime. However, a revocable inter vivos trust may be used to achieve some tax-savings goals after the settlor’s death.
A change in circumstance can mean a modification in the amount of child support or spousal support, so sometimes a person may seek copies of tax returns from the ex-spouse to show an increase in income which might support an application for an increase in support.
Hiring the biggest law firm you can afford is not always in your best interest. When you interview divorce attorneys, ask the questions below about the person’s qualifications and how cases are handled at the firm to ensure you and your case receive the attention and effort you need to obtain the best results. I suggest you interview two to ...
In an opinion issued on August 7, 2015 the 9th Circuit Court of Appeals reversed a decision of the Tax Court and ruled that each person (including unmarried couples filing separate returns) can claim a home mortgage interest deduction.
Date of separation can be a very important issue in a divorce. The reason is that in a marital dissolution proceeding, a court determines the division of property between the spouses by first characterizing the parties’ property as community property or separate property.
No. Any loan your spouse obtained during marriage for the spouse’s education or training which remains unpaid at the time of dissolution or legal separation must be assigned for payment to the spouse who obtained the education