While estate planning buzzwords like “Probate Avoidance”, “Beneficiary” and “Property Transfers upon Death” are becoming more common, the understanding of these may not be fully realized. This article takes a closer look at a common phrase used by people performing research for their estate plan – “Probate Avoidance”.  While this article lays out some of the stresses of probate court, it may only apply to those who do not have a solid estate planning instrument in place.

So in many cases with estate planning, consumers of Living Trusts and Wills in California are looking to transfer property to their loved ones […]

If you are considering including a revocable living trust as a portion of your established estate plan, it is important that you recognize the common advantages of including a trust. While doing research you may come across a wealth of information and it may seem a bit overwhelming so here are some typical advantages to revocable living trusts in California

The Benefits of Having a Revocable Living Trust Prepared

To Avoid Probate: This is perhaps the greatest potential benefit of when it comes to utilizing a revocable living trust. With a revocable living trust, you can usually avoid putting your property […]

A living trust is a created legal entity, separate from the person who it is created for, called the trustee.  The living trust takes legal ownership of the assets that are put into the trust. The trustee controls the assets during their lifetime. Like a will, the living trust will contain instructions on how property is to be distributed after the trustee’s death.  A successor trustee is named, who will handle the distribution to the beneficiaries (the people or organizations who will receive the assets). This transfer of property will be handled outside of probate court, saving money, time and […]