Yes. Trusts pay taxes once they become irrevocable. If you have a living trust, while you are alive, there is no difference as far as the IRS is concerned between you as an individual and the trust. Please comment with your estate planning question. I am usually able to respond with an answer and sometimes. . . even a video! FREE ESTATE PLANNING STRATEGY SESSION: https://calendly.com/mpevney/strategysession LEAN MORE: www.ocestateplanlawyer.com Email Us: [email protected] Call Us: (949) 377-2996 Estate planning is for EVERYBODY. Not just the very wealthy. I started this law firm after practicing law for a number of years and realizing how important estate planning is, and how few people actually have an estate plan. You would be SHOCKED how many lawyers don’t even have a basic plan set up. You are not alone. In as few as three hours of your time, you can set up a complete estate plan with the help of a qualified estate planning lawyer. Step one is to make an appointment for a free estate planning strategy session. https://calendly.com/mpevney/strategysession Most estate plans are centered around either a will or a trust. For most people in California and either own a home or have children, plan is built around a revocable living trust. But that is not the only estate planning document. There are several documents that are in effect while somebody is still alive: such as an Advance Healthcare Directive and a Financial Power of Attorney SUBSCRIBE & TURN ON NOTIFICATIONS FOR MOE VIDEOS LIKE THIS: ⭐⭐⭐⭐⭐ CHECK OUT OUR GOOGLE REVIEWS: https://goo.gl/maps/8tS3Jset7EfPmaLe7 ⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯ Follow Pevney Estate Planning On Social Media: YouTube: https://www.youtube.com/channel/UC-AIMR1l2WpTVchMiVqjTqQ Facebook: https://www.facebook.com/ocestateplanlawyer Instagram: https://www.instagram.com/estateplanlawyer/ TikTok: https://www.tiktok.com/@estateplanlawyer Disclaimer: this video and content is for general information only. The information presented should not be construed to the formal legal advice nor the formation of an attorney/client relationship. Nothing hearing is intended to nor constitutes an guarantee, warranty or prediction regarding the outcome of your legal matter. ⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯ Free Estate Planning Strategy Session For California Residents: https://calendly.com/mpevney/strategysession

Free strategy session. www.ocestateplanlawyer.com It’s impossible to give a blind price quote for an estate plan over the Internet. Estate planning is very unique for every person and very customizable. There are a lot of things I need to know about you before I can give you a price quote. I need to know things like: do you have kids? How old are they? Are you married? Do either of you have kids from a prior relationship? Do any of the kids have special needs? Do you own any real estate? Is it your primary residence? Do you want any rental properties? Do you want any vacation properties? How are your assets held? Are there stock options? Employee stock purchase program? What is your net worth? Are you concerned about estate taxes? Do you want any small businesses? Does it have any employees?

LEARN MORE: https://www.ocestateplanlawyer.com Please comment with your estate planning question. I am usually able to respond with an answer and sometimes. . . even a video! FREE ESTATE PLANNING STRATEGY SESSION: https://calendly.com/mpevney/strategysession Email Us: [email protected] Call Us: (949) 377-2996 Estate planning is for EVERYBODY. Not just the very wealthy. I started this law firm after practicing law for a number of years and realizing how important estate planning is, and how few people actually have an estate plan. You would be SHOCKED how many lawyers don’t even have a basic plan set up. You are not alone. In as few as three hours of your time, you can set up a complete estate plan with the help of a qualified estate planning lawyer. Step one is to make an appointment for a free estate planning strategy session. https://calendly.com/mpevney/strategysession Most estate plans are centered around either a will or a trust. For most people in California and either own a home or have children, plan is built around a revocable living trust. But that is not the only estate planning document. There are several documents that are in effect while somebody is still alive: such as an Advance Healthcare Directive and a Financial Power of Attorney SUBSCRIBE & TURN ON NOTIFICATIONS FOR MOE VIDEOS LIKE THIS: ⭐⭐⭐⭐⭐ CHECK OUT OUR GOOGLE REVIEWS: https://goo.gl/maps/8tS3Jset7EfPmaLe7 ⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯ Follow Pevney Estate Planning On Social Media: YouTube: https://www.youtube.com/channel/UC-AIMR1l2WpTVchMiVqjTqQ Facebook: https://www.facebook.com/ocestateplanlawyer Instagram: https://www.instagram.com/estateplanlawyer/ TikTok: https://www.tiktok.com/@estateplanlawyer Disclaimer: this video and content is for general information only. The information presented should not be construed to the formal legal advice nor the formation of an attorney/client relationship. Nothing hearing is intended to nor constitutes an guarantee, warranty or prediction regarding the outcome of your legal matter. ⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯ Free Estate Planning Strategy Session For California Residents: https://calendly.com/mpevney/strategysession