SAN DIEGO TRUSTS ATTORNEY EXPLAINS THE REASON FOR A TRUST
If something happens to you in the state of California and you do not have a living trust, and you have accumulated assets in excess of $100,000, and you have sole title to these assets (meaning that you don’t hold them in joint tenancy and there is not a pay-on-death designation), you are an open book. Every single asset will be laid out and brought before all of your relatives, in open court. The probate court is left to decide how your assets are to be distributed. A living trust avoids probate.
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