Avoiding probate in California is one of the main benefits of estate planning and asset protection planning. But what exactly does it mean to avoid probate, and is it something you should be concerned about? The main reason many people want to avoid California probate is because the process is long, public, and costly. In fact, the probate process could tie your loved ones up in the legal system for months or even years.
A Revocable Living Trust is one of the most misunderstood parts of estate planning, especially since many people associate trusts with the extremely wealthy and the term “trust funds.” But Revocable Living Trusts can be created by just about anyone looking to make an estate plan, and provide a number of significant advantages when it comes to avoiding probate and having others help you if you become incapacitated.
Death or incapacitation can creep up on anyone, and if you’re not prepared, the burden that falls on your family for handling your estate or financial affairs could be extremely heavy. Here are five tips to help everyone lighten the load.
“Intangible” Estate Planning – Thinking Beyond the Paperwork By Gerry Kane When you finally make the decision to plan your estate, you’ll hear the same words over and over again… Wills… Trusts… Revocable Trusts… Power of Attorney… Those words are the stock and trade of estate planning specialists.
