When a person sets up his or her own private revocable LIVING TRUST trust in California, that’s probably the most used and popular way of taking 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 court scrutiny.
Please contact us with your ideas and questions about seller and buyer opportunities for trust and probate properties in Orange County, California.
Harrison K. Long – Business Solutions and Advisory – REALTOR® and broker associate, Coldwell Banker Residential Brokerage – 949-854-7747 (phone) – CA DRE 01410855 – ExploreProperties@gmail.com (email) – attorney member of the California State Bar Assoc #69137
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This is for information only and not the providing of legal or tax services.