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Liran Aliav

13 August

What is A Certificate of Trust?

Liran Aliav, August 13, 2020

We are now talking about a certificate of trust or affidavit of trustee or a trust certification. They’re all basically the same document, and what basically happens when you make a trust.  When you make a trust, you have created a legal entity. Now, no one in the world really knows about this legal entity, and they don’t know if it’s actually true. When you make an LLC, if you go online, you could find it. You could say, “Oh, there’s, “it’s an actual legal formation.”  But with a trust, it’s kind of more hidden, and people don’t know who.

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11 August

How Much Does Probate Cost?

Liran Aliav, August 11, 2020

Today we’re going to talk about expensive estate plans and how much they usually cost. We’re going to go through an example. In our example, we have a married couple. One person here had to go into a nursing home for about a half a year, the other person had to go into a nursing home for three years because of Alzheimer’s.  We’re in conservatorship is just these are all court proceedings that need to be done if you don’t do estate planning correctly, and this is how much those will cost you per year and usually cost about $10,000.

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5 August

Does a Trust Override a Will?

Liran Aliav, August 5, 2020

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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3 August

Issues with Joint Ownership with Siblings

Liran Aliav, August 3, 2020

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.

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31 July

Do I Need a Trust if I Just Own a Home?

Liran Aliav, July 31, 2020

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,.

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27 July

Can You Sell a House in a Trust?

Liran Aliav, July 27, 2020

Being in charge of a trust can be a little overwhelming at first but, with the right counsel, you will be able to understand your role and become familiar with what you are able to do and not able to do. One major concern is the issue of property and whether or not you are able to sell a house in a trust. Well, the answer is yes, as long as you are the trustee of that trust.  What is the Difference Between a Trustee and a Beneficiary? When a trust is created, there are several roles to be considered..

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24 July

Can I Undo Recorded Deeds?

Liran Aliav, July 24, 2020

Deeds are usually set once they are recorded, but there is an exception to every rule. Sometimes, people participate in backyard estate planning, which is just a fancy term to describe any time someone puts his kid’s name on the title to a property with the intention of passing that property onto the child. When you consider the fact that most people in this stage are now elderly, you also recognize their houses were much cheaper when they bought them in their early years. This generation typically stayed in the same job for their entire career and also raised their.

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22 July

Do Only Rich People Need Trusts?

Liran Aliav, July 22, 2020

We’re talking about whether only rich people need trusts. This is a common conception, it’s a misconception out there that rich people are the only people that need trusts, and it’s absolutely incorrect.  The people that need trusts are anybody that have in the aggregate, so total amount of assets, over $150,000. If you have over $150,000, you will go through a process called probate and in order to avoid probate, you must do a trust.  You must sit there and draft a trust and then transfer the assets into the trust. That is the only way, not the only.

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21 July

4 Most Necessary Legal Documents During COVID-19

Liran Aliav, July 21, 2020

We’re talking today about the most important documents for you to have given the Covid-19 coronavirus situation.  The first document that’s most important is power of attorney. Now there’s two types. There’s financial and there’s healthcare. Now you are going to need both of those documents. The Healthcare Power of Attorney is also called the health care directive or power of attorney for health care decisions. It’s the same thing.  And basically what this does, it prevents the courts from deciding for you who is in charge of your assets and your health care decisions. Most of the time, they.

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20 July

Probate Sales (of Real Property)- I’ve Heard Those Are Good

Liran Aliav, July 20, 2020

Probate sales of Real Property can be complex. Here is an overview of what they are and an idea of what you can expect. But, keep in mind that there are plenty of specifics that will still need to be looked into with a trusted attorney for your individual situation. When someone petitions for a probate, usually they don’t have a trust or that an asset was not included in the trust. When they then go to probate, the judge will ask whether that person who is in charge can be bondable (qualify for insurance). In other words, can this.

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  • Do Bank Accounts go through Probate in California?
  • Does My Will Protect Me From A Conservatorship?
  • How to Pay for the Nursing Home Care?
  • What 100% Happens To Each Asset Upon Death?

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  • Do Bank Accounts go through Probate in California? September 17, 2020
  • Does My Will Protect Me From A Conservatorship? September 6, 2020

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  • Home
  • Services
    • Estate Planning
    • Probate / Trust Administration
    • Asset Protection
    • Real Estate Disputes
    • Minimize Nursing Home Costs
    • Minimize Estate Taxes
  • Blog
  • About Us
    • Why we are different
    • Meet The Founder
  • Contact Us
  • Start here
  • ESTATE PLANNING
    FREE CASE STUDY
  • ASSET PROTECTION
    FREE CASE STUDY