Should I make a California living trust? Many individuals choose to create a living trust so their estate can avoid probate upon their death. Oftentimes, probate is an expensive and complicated process that your family has to take care of after you pass. Plus, if you create a living trust, you can make it revocable. In other words, you have the option [...] By Sandra McCarthy|February 25th, 2021|Living Trust FAQs|0 Comments Read More
Does a trust protect against creditors? With a will, you need to file a public notice of death to allow creditors the opportunity to file a claim for monies owed against your estate. However, the administration of a trust does not require public notice. Certain trusts offer protection against creditors and limit their reach in regards to trust assets. When an [...] By Sandra McCarthy|February 25th, 2021|Living Trust FAQs|0 Comments Read More
Why have a trust? The biggest benefit of having a trust is that it avoids probate. In California, estates with real property or estates valued over $166,250 usually have to be settled through some type of formal court probate process. This process is very costly and can take from 5 to 7 months to complete. With a trust, administration [...] By Sandra McCarthy|February 12th, 2021|Estate Planning FAQs, Living Trust FAQs|0 Comments Read More