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MYTHS about Revocable Living Trusts

MYTHS about Revocable Living Trusts. Some people with living trusts believe that no legal proceedings are necessary at death. Or if they are necessary, “everything happens automatically.” That is a myth. Yet people don’t believe the same about a Will. They know that the court is involved with a Will and that legal work is […]

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ATTORNEY FEES FOR TRUSTS: How much to pay?

ATTORNEY FEES FOR TRUSTS: How much to pay? Why are attorney fees for trusts “all over the place?” If you have shopped for a trust attorney fee, you are aware of the wide range in fees. From fees under $1,000 to several thousand dollars and more. It shows the kindness of attorneys – they’ll let […]

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Property taxes. Grandchildren defined.

Proposition 193 excludes from reassessment transfers of real property between parents and eligible grandchildren. Though a living trust is not required, your living trust attorney can advise on the application of the law and apply for its benefits. An eligible “grandchild” for purposes of Proposition 193 is any child of the parents who qualifies as […]

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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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Common Mistakes Made with Living Trusts

A well-prepared and funded living trust provides numerous benefits to the estate as well as the heirs of that estate. From avoiding court interferences to protecting one’s assets during incapacitation, a trust is a treasured document to consider when creating an estate plan. However, estate planning trusts in San Diego are not without their faults. […]

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