Living Trust 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.

Living trust california.

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. Living trusts begin at 695. However california does have two procedures that fast track the probate process for smaller estates using simplified probate processes. But if you live in california and are considering using a living trust to protect your assets during your golden years make sure you understand the state and federal rules that surround them.

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. California trusts living trusts can avoid probate and reduce or eliminate federal estate taxes for your estate. A living trust will avoid probate for all assets that have been transferred to the trust. A living trust will also avoid the necessity of a court conservatorship should an individual who has established a trust become incapacitated.

How can a living trust help your estate. Visit the san diego law office of david w. 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 typical living trust in california can save your loved ones as much as 4 of the value of the estate or more and up to two years in court or more.

Foley for creation of living trusts estate planning legal wills power of attorney issues with probate and more.