Understanding California Transmutation Agreements - Werner Law Firm

Understanding California Transmutation Agreements

California transmutation agreements enable married couples to “transmute” community property into separate property, and vice versa. A transmutation agreement can also be used to transfer property between spouses. There are pros and cons to utilizing a transmutation agreement. They are usually used as a tool for postnuptial property distribution, tax purposes, establishing ownership over certain …

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How Long Do Probate Proceedings Typically Last? - Werner Law Firm

How Long Do Probate Proceedings Typically Last?

Probate is an important part of the estate planning process, as it usually sets the timeframe from your death to the total dissolution and distribution of your estate. However, contrary to popular belief, probate does not always last forever. The probate proceedings process can be truncated, sped through, or even skipped depending on the circumstances, …

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IRS Form 1041: Estates and Trusts That Must File - Werner Law Firm

IRS Form 1041: Estates and Trusts That Must File

Playwright Christopher Bullock once wrote that nothing is certain, save death and taxes. Sometimes, the two coincide, leaving behind a somewhat complicated situation. If you are not familiar with tax law, then sorting through its intricacies can be difficult. In the event of a loved one’s passing, you, or someone close to your loved one …

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What Is the SECURE Act, How Could It Affect Your Retirement? - Werner Law Firm

What Is the SECURE Act, How Could It Affect Your Retirement?

The Setting Every Community Up for Retirement Enhancement (SECURE) Act, signed into law by President Donald Trump earlier last December, features a series of provisions designed largely to help Americans prepare for retirement. As the pension vanishes, more Americans turn towards partially self-sufficient means of preparing for retirement, such as the IRA and the employer-provided …

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