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Real Estate Taxes in California

Property taxes – giving your house to your kids California allows real estate owners to transfer their residence to their children without increasing the real property taxes. It has nothing to do with whether the owner has a living trust, a will, or powers of attorney. It is a benefit to children of property owners. […]

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Pick the Right Person as Trustee

Pick the Right Person as Trustee   By making a revocable living trust, you have reduced the cost and expense of administering your estate at death. The slow, tedious, and expensive probate process is avoided.  The person you named as successor trustee takes over for you. But you might think: could I have avoided a […]

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Living Trust: Copy vs Original

Living Trust: Copy vs Original Can you, or a family member, find your trust (a copy) or your will (the original)? Many decades ago, the family lawyer who wrote the original will would want to hold onto it (with the client’s permission), and not even charge a low or reasonable storage fee. One reason was […]

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Refinancing when your home is in a Living Trust

Refinancing when your home is in a Living Trust You want to refinance your San Diego house which is in your trust. Interest rates are reasonable, if not low, for mortgages, or “deeds of trust”. But you fear that rates might rise soon, so you want to work fast in shopping for a good loan. […]

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How to Probate a Will in San Diego

How to Probate a Will in San Diego Wills, estates, trusts, beneficiaries… There are so many terms that are unfamiliar when dealing with estate planning. For instance, what is probate? What happens when a will goes through probate? When must this occur? Read on below for a basic guide to legal wills and how to […]

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Estate Planning in San Diego: Avoiding Probate

Estate Planning in San Diego: Avoiding Probate Probate isn’t always necessary. Some property can pass straight to the heirs of an estate without the need for lengthy court procedures and/or proceedings. However, what if an owner of an estate wants to bypass probate? When is this possible, and how can probate be avoided? Ways to […]

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Can My Son’s Creditors Take His Inheritance?

Can my son’s creditors take his inheritance? What will happen to my property when my children inherit? After death, one’s property will be controlled for awhile by a person’s estate or living trust. But eventually ownership will be transferred to the heirs. Will their creditors be waiting? It took me a lifetime to accumulate what […]

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Reasons to Consider Setting Up a Living Trust

Reasons to Consider Setting Up a Living Trust Most people believe that living trusts are only beneficial to those who have amassed significant assets during their lifetimes. While it’s true that people of modest means may be better off drafting traditional wills in certain circumstances, there are certain circumstances where a living will may provide […]

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Don’t use Joint Tenancy to avoid Probate

Don’t use joint tenancy to avoid probate Having a trust avoids probate at death. Probate is expensive. It keeps your family from receiving your assets for a substantial time, often for more than a year, after you die. But here is a seemingly simple way to avoid probate. Suppose a single mom owns a house […]

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