San Diego Estate Planning Lawyer Blog
The Los Angeles Tmes, in an article from 2011, has an extremely short article on this issue. In the article, it is stressed that understanding probate and trusts can make it easier to manage assets after death and during life. The probate administration process can be very complicated and legal representation is essential to analyze any probate estate.
It is also important to understand the strategies to avoid probate. Probate administration can be expensive, time consuming and allows the estate to become public knowledge. Many would prefer not to have their life exposed in such a public way upon their death and also not to have the distribution of their estate take months, or years, with the attendant costs. One strategyy to try and avoid probate is a revocable living trust. A revocable living trust can avoid the probate fees and costs, take much less time in the trust administration and keep the assets and distribution from becoming public.
Please do not hesitate to contact our law office for any questions relating to a probate. We can also discuss our revocable living trust package.