When the assets that weren’t held in trust prior to your loved one’s passing, the procedure for taking title is different.
Articles about Real Estate
In order to properly protect these assets, the trustee must first take possession of these assets and take title to assets in the trust.
When the personal representative sells property, he or she must make the sale of estate real estate subject to an overbid at the confirmation hearing.
Costly fees associated with reverse mortgages could drastically reduce the size of your estate. View here for more from an Anaheim trust attorney.
A pour-over will acts as a safety-net for some assets and transfers them into the living will to avoid probate. Talk to an attorney today.
Do you know how the estate plan will be implemented? What will go through probate and what won’t? Find out the answers here.