A prenuptial agreement (pre-nup) is an agreement that two people enter into before they marry. In California a prenuptial agreement may define whether or not property is community or separate. This distinction is very important if the couple divorces or one dies without a will. Under California law, any property that a person owns prior […]
California
Why You Should Transfer California Real Estate to a Trust
If you own California real estate, you should establish a living trust and transfer all your real estate and other assets to the trust. It will save your family a great deal of stress, a lot of time and thousands of dollars in legal costs at the time of your death, by avoiding probate. A […]
The California Small Estate Exemption has been Raised to $150,000
California Probate Code Section 13100 -13116 allows estates of persons who died after Jan 1, 2012, with assets valued at $150,000 or less to avoid a formal probate process. Beneficiaries and heirs are able to receive their inheritances quicker and with much lower expense. The $150,000 does not include anything that passes to your heirs […]