With many years of experience and training, we understand the process. Many agents do not know how to deal with the Probate courts if they are needed. I am married to a certified Estates and Trust attorney who is licensed in California, Florida and Michigan. Fortunately, many of his colleagues, CPA’s financial planners and other professionals needing Estate and Trust Real Estate Expertise also refer to my services feeling most comfortable that we will handle the intricate process to a smooth outcome. Feel free to contact us for a copy of our book on Inherited Property.
What is a Trust?
A trust sets the rules for what happens to property held in trust for your beneficiaries. It is an arrangement where property is transferred from one person to be administered by a trustee for another person’s benefit. A valid trust will have:
- A beneficiary
- A trustee
- Funding to enable title to pass to the trustee
- Deliver property from trustor to the trustee
What happens if there is no will or the will did not name an executor?
Probate court appoints an administrator if there is no will or the will does not name an executor. The administrator has limited authority over the decedent’s estate and must have court approval for certain actions.
Where can I find more information about Probate Basics?
The California Courts website has additional information about Probate. Areas covered on the site include:
- Wills, Estates, and Probate
- Deciding If You Need to Go to Probate Court
- If You Were Married to or Were a Registered Domestic Partner of the Person Who Died
Information provided by:
http://www.lacourt.org/division/probate/PR0047.aspx