2023 Personal Trust Q&A Podcast

Q&A Call 02/08/23


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See the Video Recording here: https://us02web.zoom.us/rec/play/7zc3Jtrnu4x1K5RiPGyOfclOFcnCBZfFvz-VYKHCyTGDyEcl9WH5jnKHLy_Y2R6qeascpinx3GOlXMBV.ppoy9_1scOsG7ska?autoplay=true&startTime=1675875880000

Access the Live Transcript here:
https://otter.ai/u/4y4z2K1jrDmrzYAv3SNAQFIQA-U?utm_source=copy_url

State of California Estate and Trust Filing Requirements: https://www.ftb.ca.gov/file/personal/filing-situations/estates-and-trusts/index.html#:~:text=The%20trustee%20may%20have%20to,to%20a%20California%20resident%20beneficiary

Outline:
-Having a diagram to make the process easier.
5:00
-Filing a class-action lawsuit against a return preparer.
9:15
-How to get an attorney to work with you?
13:47
-California’s requirements for a trust return.
17:31
-What are the cons of having to file taxes in California?
23:57
-How do you define income in Cali?
32:03
-Capital Gains taxes.
41:14
-Money flows in one direction.
50:42
-Why can’t you divide the property up?
1:00:13
-Can you make distributions to a sub-trust?
1:06:23
-How do you engage with the partners?
1:11:46


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2023 Personal Trust Q&A PodcastBy Ginamarie Gaudio-Grace