Many folks in California create living trusts to, among other reasons, avoid the hgh costs of a probate proceeding. Regretabably, some may think they’re saving money even more with do-it-yourself kits, Internet trusts, or by working with a paralegal or a general practitioner. If you go those routes, you increas your chances that your living trust may not avoid probate. Why? Why Won’t my Living Trust Avoid Probate? Good question. We get this question all of the time and are happy to … [Read more...] about Caution: Not All Living Trusts Will Avoid Probate
A living trust is an estate planning vehicle that is widely utilized by people who want to facilitate time efficient asset transfers to their loved ones. It is a good alternative to a last will on this level, because a will would be admitted to the time-consuming process of probate. Assets that have been conveyed into a living trust could be distributed to the beneficiaries outside of probate. When you fund a living trust, you convey personally held assets into the trust. To do this, you change … [Read more...] about What Does Funding a Living Trust Mean?