Monthly Archives: April 2012

Terminating a California irrevocable trust because it has become uneconomical

In California, a trust terminates when any of  the following occurs: The term of the trust expires. The purpose of the trust is fulfilled. The trust purpose becomes unlawful. The trust purpose becomes impossible to fulfill. The trust is revoked. On termination of the trust, the trustee continues to have the powers reasonably necessary under … Continue reading Terminating a California irrevocable trust because it has become uneconomical

Repeal of Estate Tax and Repeal of GST Tax Bill Introduced in Senate

The Death Tax Repeal Permanency Act was introduced in the Senate last month. The bill has 34 co-sponsors and is very similar to H.R. 1259, the Bipartisan Death Tax Repeal Permanency Act, which was introduced in the House of Representatives in March 2011 and would repeal both the federal estate tax and the federal generation-skipping … Continue reading Repeal of Estate Tax and Repeal of GST Tax Bill Introduced in Senate