When a person sets up a private revocable LIVING TRUST in California, that’s the most used and popular way of taking and holding title to real estate in this state.
Primary advantage of such private LIVING TRUST is that property held by the trust would pass to the beneficiaries according to trust declaration and not be subject to probate in California.
Another advantage is that property being owned and passing to beneficiaries is a private matter and not according to public records and usually not with court scrutiny.
www.OCPropertyNews.com – www.CostaMesaLive.com – www.Irvine-homevalues.com – www.NewportCoastLive.com – www.CoastLivinghomes.com – www.OCHomeValueGuide.com – www.LiveAtIrvine.com – www.ExploreOCHomes.com – www.LiveAtOrangeCounty.com – www.TrustAndProbateProperty.com
Professional REALTOR® agent representation and help for administrators and executors, attorneys, estate planners, income tax professionals, fiduciaries, trustees and heirs, with listing and sale of trust and probate estate properties at Orange County, CA
HARRISON K. LONG – REALTOR® and broker associate, GRI – Coldwell Banker Residential Brokerage – 949-854-7747 (phone) – ExploreProperties@gmail.com (email) – CA DRE 01410855 – SFR short sale and foreclosure resource certified by the National Association of REALTORs® – now serving as an appointed director at California Association of REALTORs® – also a lawyer licensed by the California State Bar, member #69137.
This is for information only and is not the providing of legal or tax services. For estate planning, you should contact an attorney an experience estate and financial planner in your community.