A: If you own a home in California and/or have minor children, creating a Trust is a wise investment. Homes in California are often over the $184,500 threshold amount that is subject to probate. Additionally, providing nominations of guardians of minor children allows for your children to be under the care of a designated guardian of your choosing instead of a court-appointed guardian in event you or your spouse are unavailable.
Q: If I don’t have “significant” assets, why would I need a Trust?
by Rose Law Firm of Napa Valley, Inc. | Aug 9, 2023 | Estate Planning, Q&A |
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