Making sure that your family is taken care of in the event of your passing is a good thing to think about as we approach 2012. Failure to have a California Will or Trust prepared can make the transfer of assets difficult for heirs. A California Will is important because: it can designate a … Read more about Protect Your Family with a California Will or Trust
How Important is the Name on the Deed of a California Property?
The name on the deed of property in California is very important. If there is only one person who owns the property and that person is not married, then ownership is very clear. However, if the person who is on the deed is married and the spouse's name is not on the deed, then complications can … Read more about How Important is the Name on the Deed of a California Property?
What is a Legal Will?
A legal Will, which is sometimes called a 'last will and testament' is a document that explains how assets are to be distributed to beneficiaries as well as name guardians to minor children. The Will is either formally created (not handwritten) and has at least 2 witnesses and is signed & dated … Read more about What is a Legal Will?
What is a Probate?
Probate is the process whereby the ownership of property changes from the descedent to the heirs or beneficiaries when there is no Living Trust. In California, a Trust is the best method of avoiding Probate for heirs or beneficiaries. While a legal Will cannot help in avoiding Probate, it may help … Read more about What is a Probate?
What is a Living Trust?
In California, a Living Trust allows property to change ownership to beneficiaries without going through Probate. A Living Trust is very important if you own property in California. Without a Living Trust, property that is valued at more than $100,000 would need to go through a Probate which is … Read more about What is a Living Trust?
