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Does an Irrevocable Trust Owe California Taxes

Does an irrevocable trust owe California taxes?  This is actually a quite complex question.  Generally speaking, California taxes trusts based on "California income."  If the trustees and/or beneficiaries reside in California, then California will tax the proportionate income within the trust based upon the allocated income portion of the trust...

Should You Consider an Irrevocable Trust for Life Insurance

What is the best strategy for handling life insurance proceeds for your heirs and beneficiaries.  It is often important to consider an irrevocable trust for life insurance proceeds to prevent your designated beneficiaries from misusing the funds you have planned and worked so hard to provide.  An irrevocable trust is usually...