Posts tagged "probate"
If you're living in Orange County and find yourself trapped in the probate process, you may feel that there is simply no way to organize everything for your estate. There are people who can help you make sure the bills, liabilities and other aspects of an estate are covered, and that can help you make sure that your beneficiaries and assets are taken care of properly.
When legendary musician Lou Reed passed away last year, he left an estate worth an estimated $30 million. However, he did so in a way that exposes his heirs to publicity that he may or may not have anticipated. The story draws attention to an important issue for anyone planning an estate in California -- even those of somewhat more modest means.
Once you create and sign a California trust, the next step will be to transfer your assets into - or "fund" - the trust. A trust that has not been funded is an empty shell, and will not protect your assets unless those assets are placed in the trust.