Let’s talk about whether a trust overrides a will. Before I answer that question, you got to understand what trust and a will is. A trust is basically a probate avoidance device where you avoid the courts and do this in a much faster and cheaper way once you pass away for your heirs. A will allows you to go to court and literally is an allowance because it’s a ticket to court. You must go to court if you only have a will. Or if you have a trust and everything is not in the trust then you’ll still.
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Estate Planning
Estate Planning is not just for the rich. It’s about protecting your assets from unnecessary delays and fees in Probate Court. Planning now ensures the safety and financial concern for your loved ones.
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Losing a loved one is tough. If your loved one left a Living Trust, you need to administer their wishes privately. We help you navigate this simplified process.
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Evictions can be a huge time and money sucker. We help clients evict non paying tenants swiftly and efficiently so that you can move on with your business.
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Nursing home costs are expensive. We can help you qualify for government assistance to help pay or eliminate nursing home costs. Even a person with a $1,000,000 home can qualify!
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Estate planning is not just about passing your assets down to the next generation. It's about transferring values, traditions, stories, and lessons. It's about creating new opportunities. It's about making the next generation better. That's what we do. And no one does it better.
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Estate Planning Attorney Blog
Tips, strategies, and information to help you protect your family, live a rich life, and create generational wealth.
Issues with Joint Ownership with Siblings
It is very common for someone to own property jointly with a sibling. When children are involved, they are usually the beneficiaries of the parents’ estate. In a best case scenario, the estate that is left to the children is divided equally among the kids, which would include joint ownership of any real estate. However, things can get a little tricky when you consider what it means when one of those co-owners passes away. There is more than one way to hold a title jointly. Before you make any decisions regarding your estate planning, make sure you contact a trusted.
Do I Need a Trust if I Just Own a Home?
If you own a home in California and it is worth at least $150,000, then you need to make sure to have a Living Trust. It does not matter if this is your only piece of property or if you have only moderate funds in your bank account. If your home is worth over $150,000 then it can go through probate after you pass if it is not included in your trust. A lot of people assume a trust is only necessary if you are extremely wealthy or own multiple pieces of property. But, when you think about estate planning,.