Estate planning attorneys need to understand and explain taxation of trusts in order to properly advise clients. Individual clients need to understand the implications of the plan their attorney suggests in order to properly file their own taxes. Determining whether a trust qualifies as a grantor trust or a nongrantor trust is the first step in determining tax liability for a particular year. Read on to learn more
Chumahan is a founding partner and the Senior Partner of Ovando Bowen LLP. Prior to starting his own firm, Chumahan was a partner at a prestigious class action firm in Los Angeles. Chumahan now focuses his career on civil litigation, family law, and estate planning.
Latest posts by Chumahan Bowen (see all)
- Let’s Talk about Trusts…and Taxation - April 2, 2022
- Just When You Thought You Understood the 10-Year Rule, Think Again - April 1, 2022
- Estate Planning – Something You Shouldn’t Do Yourself - March 31, 2022
