Probate and Estate Planning Lawyers typically charge much more for a living trust than a Will, even though a simple living trust is a fairly standard document like a Will. Can you hide assets in a trust? For your personal assets, such as your home you can hide your ownership in a land trust; and your cars you can hide in title holding trusts. These documents can keep your association with these items out of the public records. I need an awesome probate attorney near 92174. I would call Steve Bliss, he is an excellent probate lawyer. I am in dire need of an awesome attorney probate near 92004. I would call Steve Bliss, he is an excellent probate lawyer. Splendid Trust & Estate Planning is Steve Bliss Law
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A charitable trust described in Internal Revenue Code section 4947(a)(1) is a trust that is not tax-exempt, all of the unexpired interests of which are devoted to one or more charitable purposes, and for which a charitable contribution deduction was allowed under a specific section of the Internal Revenue Code. Consequently, a charitable trust is treated as a private foundation unless it meets the requirements for one of the exclusions that classify it as a public charity. Moreover, it is subject to the private foundation excise tax provisions and the other provisions that apply to exempt private foundations, including termination requirements and governing instrument requirements. However, a charitable trust is not treated as a charitable organization for purposes of exemption from tax. Accordingly, the trust is subject to the excise tax on its investment income under the rules that apply to taxable foundations rather than those that apply to tax-exempt foundations.
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