How to Distribute Personal Property
Jim Roberts has significant experience in estate planning, tax planning, estate administration and elder law. Jims extensive knowledge allows him to properly g
Five Options for Deciding When You Are Disabled in Your Living Trust
When creating an estate plan, planning for possible disability is an excellent idea. Your trust can include provisions for determining when a disability exists.
Trustees Are Responsible for Depositing Trust Checks During Administration
When a trust receives a check, the trustee is responsible for depositing it. Also, the trustee must make sure it is handled properly and keep accurate records.
How to deal with real property that is outside of trust when a person passes away?
If real property does not exceed $50,000 gross (not very typical in California, except in the case of timeshares), then the property need not go through a full formal probate. Instead, a simplified Affidavit Procedure is available to the personal representative of the estate. Under this procedure, the personal representative must wait 6 months from the date of death and then file an “Affidavit Regarding Real Property of Small Value” with the clerk of the superior court in order to transfer the property to the trustee of the trust. Using this procedure, the value of the decedent’s personal property does not matter.
Three Hints for Creating the Estate Plan That Is Right for You
You need your estate plan to account for the people and things that are most important to you. Find out how to create a plan that is right for you.