You Must Avoid These 3 Mistakes to Avoid Probate
Most people in California create a trust to avoid probate. But a person cannot just create trust; the trust must also be “funded.”
Category «Trusts»
Surprise and Peril for Non-spouse, Joint Tenant Owners
A sole owner wants to add an owner to avoid probate. This post identifies the surprises and perils for non-spouse, joint tenant owners and viable alternatives.
Options for Post-Death Transfer of California Real Property
Examples of planning are; trusts, joint ownership, lifetime transfers, and revocable transfer on death deeds. No planning relies on the probate court for help
Four reasons you need a living trust for your home
A living trust is a powerful tool to own a home. A trust avoids probate, maintains control, is flexible and can reduce taxes.
What You Need to Know About Post-death Trust Administration in California
The trustee manages and distributes assets of the trust in post-death trust administration in California. A trustee of a trust has fiduciary duties to administer the trust according to the trust’s terms and California law. The trustee assumes personally liable to beneficiaries of the trust for any breach of his or her fiduciary duties. A …
How to Avoid California Probate in Four Steps
Estate planning is an essential part of life. Planning ensures that your assets are distributed according to your wishes after you pass away. Planning avoids probate. Probate is the legal process by which a court oversees the distribution of your assets after your death. Probate is long and expensive. Best to avoid it if possible. …