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Review and Update Your San Diego Trust Every 2 to 3 Years

Why is it important to review and update your San Diego trust every 2 to 3 years?  Once an estate plan is generated and your trust(s) are established and funded aren't you finished?  The simple answer is no.  Life changes.  Finances change.  The behavior and needs of heirs and beneficiaries...

Is an Irrevocable Trust Taxed in California?

Is an irrevocable trust taxed in California?  This is actually a quite complex question.  Generally speaking, California taxes trusts based on "California income."  If the trustees and/or beneficiaries reside in California, then California will tax the proportionate income within the trust based upon the allocated income portion of the trust...