Tenant & Housing Rights
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California Trust
What Is a Trust?
A Trust, is basically a legal document provides detailed instructions about how your estate should be handled and distributed after you pass.
Why Do I Need a Trust?
If you live in California and your estate is valued at $188,250 or more, including the equity in your home, it’s essential to have a Trust in place. Without one, your heirs will likely have to go through probate, a lengthy and costly court process. A properly prepared trust allows you to pass your assets directly to your loved ones without the need for court involvement or additional legal fees, making the process smoother, faster, and far less stressful for your family.
Review the list below. You need a Trust if you have any of these items:
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Your total monetary worth is more then $188,250
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Biological and/or adopted children
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A child with a disability
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Stepchildren
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Multiple marriages
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A business
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You own property in CA
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Want to give inheritance to a non-relative
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Have a mean or mentally imbalance relative
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Want to give money over time
What Happens If Own More Than $188,500?
If you have a Will but no Trust, and your total assets exceed $188,500, your estate will need to go through probate before anything can be distributed to your heirs. Probate is a court-supervised process that can be costly, time-consuming, and often stressful for families. Probate can sometimes take months or even years to complete. A trust helps you avoid probate altogether, making it easier for your loved ones to receive what you intended for them, without unnecessary delays or expenses. Probate can also cost your relatives large attorney fees.
What Is Probate?
Probate mandates that your executor will:
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Collect assets
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Pay debts/ expenses
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Distribute the estate to your heirs
Why Do I Need a Trust?
KEEP HEIRS
OUT OF COURT
THERE IS AN
EX SPOUSE
LOVED ONE WITH SPECIAL NEEDS
ENSURE INHERITANCE GOES WHERE YOU WANT
YOU HAVE A HOME
THERE ARE
STEP CHILDREN
HAVE A MENTALLY
ILL RELATIVE
SELL OR MANAGE
A BUSINESS
Think Ahead Keep Your Loved Ones Out of Probate Court
For personalized and attentive legal service, contact us today at 949-305-6400 to schedule your free case evaluation with an experienced trust attorney in Orange County, California.