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Is California Probate Always Necessary?

According to the California Probate Code, generally property that passes through a Will is subject to the probate process. On the other hand, generally property that is held in a Trust is not subject to the probate process. When property is put into a Trust, the Trust owns the property. At your death, the property [..]

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Can You Avoid Probate in California?

Everyone has questions about probate because frankly, it’s complicated. But know that there are alternatives to probate. Many people ask: If a loved one passed away leaving a very small estate, is probate necessary? Will everyone need to wait months and months to complete probate, and spend a lot of money, even if the estate [..]

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Do I need a Probate Attorney in California?

If one of your loved ones passed away recently, and you are a beneficiary, executor of a Will, or successor trustee of a Trust, you should be asking whether you (or more properly, the estate) should hire a probate attorney in California. First, what if the estate is small? What if there is no real [..]

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How Do I Update My Trust?

If you already have a Trust but need to change it, contact me. Did you put a Trust in place to take care of your children in case you passed away before them, but your children now have their own lives and don’t need the protections you put in place? Did you create your Trust [..]

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You Should Decide Where Your Money Will Go

You earned it, you should decide where your money will go upon passing. When you effectively use a Revocable Trust, you will: Have complete control of your property while you are alive; Be able to avoid probate; Reduce if not eliminate all estate taxes; Leave your detailed instructions for where your money will go; and [..]

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Proper Planning Using a Trust

After you pass away, all your property and money will be divided up and then given to your beneficiaries. Most people know that a Will can do this, however, the majority of the time, a Will by itself isn’t enough. This is especially true if you have a spouse, children, or own a house. In [..]

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What is Joint Tenancy?

California law allows an individual to own real estate as a “joint tenant” with another person. This means that when one of the individuals dies, his ownership in the property immediately passes to the surviving joint tenant. Because of this, joint tenancy can be a very effective way to pass real estate from one person [..]

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Take Control of Your Assets

After you have passed away, all your property and assets will be distributed. The question is how? A Will and a Trust allow you to decide what happens to your property and your wealth. At the Law Office of Mark Abell, I help my clients throughout Los Angeles County, California to prepare Wills, Trusts, and [..]

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Failing to Plan is Planning to Fail

Each California resident has an estate plan either by your design or by the government’s. Without a written estate plan, your property will be disposed of according to property ownership arrangements and applicable law. For example, real estate held in “joint tenancy” passes to the surviving joint tenant, real estate held as “community property with [..]

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