The Advantages of a Revocable Living Trust
By : Dwight | Category : Irrevocable Trusts, living trust, living trust attorney orange county, Living Trusts, Probate, probate law, Wills, wills and trusts | Comments Off on The Advantages of a Revocable Living Trust
12th May 2015

Trusts avoid probate, thus bypassing the court and often resulting in shorter periods of administration. Trusts often are significantly less expensive to administer than probate estates. Trusts provide for management of your assets during lifetime if you become incapacitated. This … more
Putting Your Home Into A Trust
By : Dwight | Category : california estate planning, charitable remainder trusts, Dwight Edward Tompkins, Estate Taxes, Irrevocable Trusts, QPRTs, qualified personal residence trusts, Revocable Living Trusts | Comments Off on Putting Your Home Into A Trust
15th Aug 2013
At least in California, putting the family home into a Revocable Living Trust essential to avoiding probate and making sure there is an orderly succession to the beneficiaries. There are other reasons to transfer the home ownership to a trust. … more
Charitable Remainder Trusts
By : Dwight | Category : charitable giving, charities, Dwight Edward Tompkins, Estate Planning, Irrevocable Trusts, living trust, taxes, Video | Comments Off on Charitable Remainder Trusts
2nd Jun 2013
This video is a good overview of the Charitable Remainder Trust, which is a type of irrevocable living trust, where you can obtain certain tax advantages, reduce the size of your taxable estate, obtain a stream of income, and help … more
The Job of Trustee of a Special Needs Trust
By : Dwight | Category : Estate Planning, estate planning lawyer, Financial Planning, Irrevocable Trusts, Law, Legal Advice, Special Needs Trusts. Trusts, taxes, Trustees | Comments Off on The Job of Trustee of a Special Needs Trust
15th May 2013
The trustee of a special needs trust has a complex job, which requires the trustee to understand the law and rules of government benefits, as well having the duty to invest funds appropriately. Add the taxation requirements to prepare and … more
Revocable or Irrevocable Living Trust: In Orange County, an Estate Planning Lawyer Believes It’s a Matter of Choosing Flexibility over Lower Estate Taxes and Less Paperwork
By : Dwight | Category : estate planning lawyer, Irrevocable Trusts, Orange County, Revocable Trusts | Comments Off on Revocable or Irrevocable Living Trust: In Orange County, an Estate Planning Lawyer Believes It’s a Matter of Choosing Flexibility over Lower Estate Taxes and Less Paperwork
8th May 2013
One of the more commonly accepted ways to escape probate is through a living trust. In a living trust, the estate owner or the grantor, transfers his properties from his name to a trust, while he is still alive. However, … more
The 3 Most Common Irrevocable Trusts
By : Dwight | Category : california estate planning attorney, charitable giving, charities, Dwight Edward Tompkins, estate tax, Irrevocable Trusts, Life Insurance, orange county estate planning lawyer, Special Needs Trusts, Trustees | Comments Off on The 3 Most Common Irrevocable Trusts
4th May 2013
The 3 most common irrevocable trusts are: 1. The Irrevocable Life Insurance Trust, often referred to as an “ILIT”. This kind of trust is designed to create liquidity for payment of estate taxes, and at the same time taking … more
Will I Lose Control Over My Assets if I Establish a Living Trust?
By : Dwight | Category : Amend, Amendments, california estate planning, Dwight Edward Tompkins, Incapacity Planning, Irrevocable Trusts, Law, Living Trusts, Revocable Trusts, taxes, Trusts, Video | Comments Off on Will I Lose Control Over My Assets if I Establish a Living Trust?
2nd Dec 2012
No. As the creator of the trust, you have 2 powers that give you ultimate control over the Living Trust: The power to amend the trust, and the power to revoke the trust. Also, during your lifetime, as long you … more
The Truth About Revocable Trusts and Taxes
By : Dwight | Category : Estate Taxes, Irrevocable Trusts, living trust, taxes | Comments Off on The Truth About Revocable Trusts and Taxes
21st Nov 2012
Many people prefer to create a living trust since there are far less regulations with it and they do not go have through probate. Another reason, or rather misconception is that the taxes are less on a trust than the … more
Special Needs Trusts
By : Dwight | Category : Beneficiaries, Children, Estate Planning, Families, Family Trusts, Irrevocable Trusts, Living Trusts, Orange County, Special Needs Trusts. Trusts, Trust Funding, Trustees | Comments Off on Special Needs Trusts
17th Dec 2011
Presented by Orange County Estate Planning Attorney, Dwight Edward Tompkins. CaliforniaFamilyTrusts.com . This blog is intended is intended for informational purposes only and is not intended as a substitute for legal advice by a qualified attorney in your jurisdiction.
Video: Irrevocable Trusts
By : Dwight | Category : Beneficiaries, Estate Planning, Estate Taxes, Irrevocable Trusts, Life Insurance, Living Trusts, Revocable Living Trusts, Revocable Trusts, Special Needs Trusts. Trusts | Comments Off on Video: Irrevocable Trusts
18th Nov 2011

Dwight Edward Tompkins, Estate Planning Attorney. California Family Trusts