Living Trust California

California does not use the uniform probate code which simplifies the probate process so it may be a good idea for you to make a living trust to avoid california s complex probate process.

Living trust california.

However california does have two procedures that fast track the probate process for smaller estates using simplified probate processes. Visit the san diego law office of david w. Foley for creation of living trusts estate planning legal wills power of attorney issues with probate and more. A living trust will avoid probate for all assets that have been transferred to the trust.

A california living trust is a legal document that places some or all of your assets in the control of a trust during your lifetime. A living trust will also avoid the necessity of a court conservatorship should an individual who has established a trust become incapacitated. This webpage provides details about living trusts their benefits and their problems. You continue to be able to use the assets for example you would live in and maintain a home that is placed in trust.

A living trust can be a useful tool when planning your estate. When a living trust has been properly established and an individual has put their assets in the trust the living trust will enable the estate to avoid probate in california. A living trust protects the assets in the trust from probate which is a lengthy expensive court process which occurs when someone dies or becomes incapacitated. How can a living trust help your estate.

California trusts living trusts can avoid probate and reduce or eliminate federal estate taxes for your estate.