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17 September

Do Bank Accounts go through Probate in California?

Liran Aliav, September 17, 2020

How Do You Switch Title (Names) On Bank Accounts When Someone Passes Away If you want to discuss what your family needs to avoid Court proceedings, click here to schedule a strategy session today! In order to switch title to Bank Accounts, you must determine if the account is:  Trust Account  Joint Account Account with a Pay on Death Beneficiary (Beneficiaries inherit your assets) Regular -Account with no Pay on Death Beneficiary The above 4 types of accounts will go through different procedures to switch title.  If you want to discuss what types of accounts are part of your particular.

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23 August

How Do You Switch Title (Names) On Bank Accounts When Someone Passes Away

Liran Aliav, August 23, 2020

How Do You Switch Title (Names) On Bank Accounts When Someone Passes Away If you want to discuss what your family needs to avoid Court proceedings, click here to schedule a strategy session today! In order to switch title to Bank Accounts, you must determine if the account is:  Trust Account  Joint Account Account with a Pay on Death Beneficiary (Beneficiaries inherit your assets) Regular -Account with no Pay on Death Beneficiary The above 4 types of accounts will go through different procedures to switch title.  If you want to discuss what types of accounts are part of your particular.

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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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17 July

How Long Does a Probate Take in Court?

Liran Aliav, July 17, 2020

When it comes to passing on one’s estate, going through probate is a typical option that you may fall into as a beneficiary (it’s not your fault!). You can either put everything you own in a trust, or it will have to go through probate in order to properly pass on to the next owner. A probate is used to transfer title from your parents or any person to a next-of-kin, an heir, or somebody else. The assets have to go through probate unless they are in a trust. Though this is a common route many people take, there is.

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11 March

Does a Trust Override a Will?

Liran Aliav, March 11, 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 March

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

Liran Aliav, March 3, 2020

We’re going to talk about whether you need a trust if you own a home, right? So, you own one piece of property. Let’s just say, you own one home, and that’s where you live. And you have a modest account in the bank, and you have to ask yourself, do you need a trust?  These living trusts, you’ve heard about them. Is it necessary for you? If the house is here in California, the answer is absolutely. There are rarely any houses out here in California that are less than $150,000, and therefore, it will go through probate if.

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19 February

Do Only Rich People Need Trusts?

Liran Aliav, Living Trust, February 19, 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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15 February

How Long Does a Probate Take in Court?

Liran Aliav, February 15, 2020

Let’s talk about how long does a probate take. If I file a probate in court today, how long until I could see any of the money as a beneficiary of the will, or just as an heir of that person.  Well, first off, we should talk about what a probate is. A probate is in order to transfer title from your parents or a person to a next-of-kin, or an heir, or somebody else, it has to go through probate unless it’s in a trust.  So if it’s in a trust, you don’t have to worry about it, but.

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23 October

How Much Does a Typical Probate or Conservatorship Cost in California?

Liran Aliav, October 23, 2019

The court may appoint a Conservator over an individual when they become mentally incapacitated or unable to perform activities of daily living (“ADLs”).  In addition, your assets will have to go through the court system again (Probate) if you do not have a proper living trust.  The costs for both of these Court proceedings are astronomical.  Here is a very typical, not so expensive example of someone who hasn’t properly planned their estate to avoid both a Conservatorship and Probate.  Want to avoid losing huge amounts of your estate money in probate and conservatorship fees? Sign up for a strategy.

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Recent Posts

  • The 4 Most Important Legal Documents You Need During COVID-19
  • 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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  • The 4 Most Important Legal Documents You Need During COVID-19 September 30, 2020
  • 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