Establishing a trust can help ensure the realization of your estate wishes without having to worry about probate or a will contest. However, your success depends on having a trustee who is reliable and loyal to you. Sometimes a trustee dies before the purpose of the...
Probate & Trust Administration
Understanding the “step up in basis” rule on inherited property
Here in Southern California, the price of real estate has skyrocketed over the years. If your parents spent $50,000 on a home back in the 1970s, they may have seen the value grow ten- or twentyfold. That’s especially true if it’s in an area that’s been gentrified or...
How is the cost of probate determined in California?
Thinking about what will happen to your hard-earned assets and other intimate belongings like family heirlooms can be very unsettling. However, death is inevitable. If you have a valid will at the time of your demise, all assets in your will shall go through probate....