When someone passes away, families grieve. That’s unavoidable. But probate court, which can put family members through long and expensive legal proceedings, is entirely avoidable in California. Probate court decides who will inherit your assets. It isn’t the only way to decide who gets what assents after your death, however. If you take the proper steps now, you can set up your estate planning Anaheim to provide for your family and spare them the stress of the probate court process.
There are a few ways to allow your surviving family members to avoid probate court in California. Below, we will cover two of the most common methods.
Almost any asset you own—from Real Estate, vehicles to financial accounts—can be included in a living trust. This document is similar to a will. It picks a person to oversee the distribution of your assets after your death. Here’s how it works:
Done correctly, a living trust can bypass probate court entirely.
Joint ownership is another method of avoiding probate court. Basically, if you own property with someone else, ownership can automatically pass to the joint owner upon your passing. Because California is a community property state, spouses are assumed to jointly own property acquired during the marriage, but joint ownership with a non-spouse can require legal documents to establish.
An estate planning attorney Anaheim from Katje Law Group can walk you through the legal documents and processes outlined above. Estate plans are complex and time-consuming to create, but you don’t have to do this without help. Contact an attorney today.