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Posts Tagged ‘probate’

Easy: Transferring Real Estate Into a Living Trust

A client recently asked me about transferring a piece of property he had bought into his living trust. “This is actually easier than you might think,” I told him. “Just give me the address, and I’ll get everything rolling.” Whether it’s your principal home or a secondary property, putting real estate into a trust or even purchasing it in the name of the trust from the get-go is always a […]

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Off the Hook: Why You Probably Won’t Pay the Estate Tax

You and your spouse hold the title to a nice-sized home in a well-to-do L.A. suburb; maybe you even rent out a second, smaller house and have a couple of insurance policies, or you own some shares here and some bonds there. Bottom line, you live comfortably but you’re not part of the top one percent. Should your family worry about the federal estate tax? The answer may surprise you, […]

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The Low Down on Probate and How To Avoid It

Probate. Most people have heard the term, yet many are unsure what it means. Others know that the process is painful, but don’t realize that they can avoid it. Starting with a definition, here’s the low down: Probate is the legal process that seeks to determine whether a will is valid or not. Designed to protect the rights of a deceased person’s heirs and creditors, it involves a lot of […]

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Too Young For An Estate Plan? Think Again!

After Paul Walker died in a car crash last November two questions went viral on the web: What will happen to Fast & Furious 7, the film the action movie hero was last working on, and who will inherit the 40-year-old’s fortune of $45 million? Walker, it seems, did not have an estate plan, meaning things between his loved ones might get contentious. Whatever the outcome in Walker’s case may […]

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