How to Bequeath Inheritors their Property?
It is a question many of us ask ourselves, but we are not entirely sure what the implications are. Especially when you own real property in California.
Prepare deeds, affidavits, and trusts for real property. Attorney is Mark W. Bidwell. To start, call 714-846-2888. Email Mark@DeedAndRecord.com. Office is in Huntington Beach, California
It is a question many of us ask ourselves, but we are not entirely sure what the implications are. Especially when you own real property in California.
You need a deed from yourself to yourself as trustee to avoid probate. The deed is recorded in the county where your home is located. Often, online trusts omit a crucial step. The omitted step is the transfer of real property into the online trust. Transfer is by a deed from yourself to yourself as …
When purchasing real property in California, the buyer is asked, “How do you want to own your home?” How you own your California home determines how it will transfer on your death. In other words, will the post-death transfer be in or out of probate court? Real property in your name only requires transfer to …
Most people in California create a trust to avoid probate. But a person cannot just create trust; the trust must also be “funded.”
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.
Four reasons a living trust protects your home. A trust avoids probate, maintains control, is flexible and can reduce taxes.
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. …
How to co-own your home in California is a decision with consequences. What happens if you were to die or divorce is heavily dependent on this decision. Options to own are; in name only, with the right of survivorship, as a trust, or as a business entity. Transfer on Death The major distinction between these …