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 |
Categories
- Annual and Lifetime Gift Tax Exclusions (8)
- Business (9)
- Conservatorships (2)
- Español (3)
- Estate Planning (174)
- Joint Tenancy (3)
- Q&A (189)
- Succession Plan (4)
- Title and Deeds (24)
- Trust And Estate Administration (63)
Recent Posts
- Q: Do you pay taxes when you receive a gift?
- Q: My partner and I are not married and do not plan to marry. Can we still benefit from an estate plan?
- Q: My partner and I are not married and do not plan to marry. Can we still benefit from an estate plan?
- Q: I own a business and a home. Should I still have a living trust even if I am unmarried and don’t have any children?
- Q: Is it true that my mother’s estate, which was rather modest, will not require a full probate because of its relatively small value?
Connect with us
Pay Online Here
