Q: Do I still “own” my house if there is a mortgage on it?

by | Feb 28, 2024 | Estate Planning, Q&A, Trust And Estate Administration |

A: Yes you do! And more importantly, without a trust, the probate laws of California would not only consider you the owner of the property at your death, but would also charge your heirs probate fees based on the fair market value of the home and NOT on the amount of equity you have in the home!