Revocable Living Trusts are designed to serve a variety of functions, such as providing individuals with greater control over how their assets and property are handled in the event of incapacitation or death, while also sparing loved ones from having to deal with the costs and delays of probate court. …
To many, the best reason to create a Revocable Living Trust is to avoid probate and put a quick end to the estate administration process. However, a trust needs to be funded for it to have any real effect on the probate and estate administration process. Here are four types of property that are commonly used to fund a Revocable Living Trust.
Nearly every week we receive calls from family members who are upset about a deceased loved one’s estate. Unlike in TV shows, real-life family feuds are no fun. Disputes over who gets your property after your death can drag on for years and deplete your entire estate.
As an Encino will and trust lawyer, I’ve actually spoken to many elderly people who believe that, for one reason or another, it’s just too late to start estate planning or asset protection planning. Maybe they think they will never make it through look back periods for benefits in some …
