How to Avoid Probate in California?
It is in your best interest to avoid probate in California because it can be very expensive and time consuming.
It is popular in the State of California to want to avoid probate by creating a revocable trust and other documents to allow the transfer of assets to beneficiaries without court supervision and procedures. Although having a trust own title to your assets will avoid probate, the court is always an available option to help in the management of a trust, should the need arise.
Sometimes the benefits of having a revocable trust are exaggerated by promoters or simply misunderstood by consumers when learning about and considering estate planning service and estate administration. It is true that trusts can avoid the cost and delays associated with a Probate Case, however there are still many administrative chores that have to be completed such as:
- legal documents prepared
- assets sold to raise cash for beneficiaries
- title of assets transferred to beneficiaries
- taxes returns filed
- laws to be complied with and other matters that take time and cost money
Will a Living Trust help me avoid probate?
Living trusts have been around for centuries, but only recently have achieved a high degree of popularity among the general public.
The reason for this surge in popularity is that living trusts help to avoid probate. Living trusts avoid probate with respect to those assets that are transferred into the living trust before death. Living trusts avoid the court procedure otherwise required to transfer assets to a person’s beneficiaries at death.
Call Rex Crandell Firm today at (925) 934-6320 if you want more information about avoiding probate in California.
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