Tag Archives: Living Trust
Living Trust a Boon to Heirs
Is Living Trust a Boon to Heirs? For someone wanting to ensure the security of his family even after his time of death, setting up a living trust may be one of the wisest moves to make. It is considered … Continue reading
Posted in Business
Tagged Living Trust, Living Trusts, Mortensen Law, Valencia California
Leave a comment
Living Trust and Probate
A living trust may allow a couple to effectively double the basic estate tax exemption ($1,000,000 in 2002, doubled to $2 million). For estates totaling over $2,000,000 this saves over $435,000 in death taxes. If you have a typical will … Continue reading
WHAT IS PROBATE?
WHAT IS PROBATE? Probate is a court-supervised transfer of your property to your heirs. Many people mistakenly think that having a Will avoids probate. The opposite is generally true. Having only a will almost guarantees that your assets will have … Continue reading
WHAT IS A LIVING TRUST?
A living trust is a legal document that replaces what you think of as your will. The living trust makes sure your assets go to the people you choose. It also avoids probate upon death or a conservatorship proceeding if … Continue reading
