The laws surrounding estate planning can be complex and are ever-changing. One of the ways that the laws that affect California wills and trusts can be affected is through judicial orders. The U.S. Supreme Court is currently hearing arguments on a court case that involves how states may or may not tax trust income based on the connection those trusts have to the states.
Your estate plan is the result of years of careful, thoughtful and strategic planning. Ultimately, it is meant to give you peace of mind in knowing that your family and future are protected against the unknown.
As readers of this California estate planning and administration blog may know, it is important that all adults have a basic estate plan in place so that their wealth and interests are protected in the event of their unexpected deaths. Preparing for one's demise is understandably unpleasant but leaving the distribution of one's wealth and assets up to the state may be more damaging to their interests.