Estate Planning

Q: I only own one property here in Napa, and it still has a sizable mortgage on it. Do I still need a trust for my children to avoid probate upon my death?

    A: Yes, without a trust that property is destined for probate, and here’s why: The current law states that if the fair market value of the property is greater than $166,250 - and it’s hard to imagine a home in the Napa area that is worth less than...