Frequently Asked Questions (FAQs)
Living Trusts and Probate
What are the advantages of a living trust?
Assets held in your trust avoid probate when you die, that is, your Successor Trustee will be able to administer...
What is “probate”?
Probate generally refers to the formal court supervised administration of a decedent’s estate.
Why should I want to avoid probate?
There are three drawbacks to probate which prompt many clients to elect to pass on wealth through a living trust...
Does a court ever get involved in the distribution of a trust after the Settlor dies?
Hopefully not. If the trust is contested, the matter is decided in the probate court.
Is a living trust for everyone?
No. Some individuals do not own enough assets to be concerned with probate.
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FAQ Categories
- Living Trust
- Living Trusts and Probate
- Funding a Living Trust
- Bank Accounts
- Powers of Attorney
- Conservatorships and Guardianships
- Alternatives to Conservatorships and Guardianships
- Medicare and Medi-Cal (Medicaid)
- Probate
- Taxes
- Disqualified Beneficiaries
- Joint tenancy, Community Property, Domestic Partnerships