In simplified terms, probate is the legal process of settling the financial affairs of a deceased individual after they die via court supervision; i.e. the distribution of their assets and payment of their debts. On average, probate in California takes about twelve to eighteen months. However, if problems arise, the process can much longer. The Will:Often, this entire process pivots on the existence of a Will, if it can be located, its contents, and its validity will dictate the parties and actions to be taken. In short, a Will is […]

Wills and Trust

Trusts & EstatesBenefits to a Trust, Irrevocable Trust, Pour-over, Revocable Trust, Trust, Will

Wills and Trust Wills and Trust are often a topic of discussion. In particular, what is the difference and which should I have? The following is a brief explanation of the difference between a Will, and a Trust. First and foremost, State rather than Federal law governs what happens to your property upon your death. Upon one’s death, you may hear the word probate, but not know what that means. Probate is the process of administering one’s estate, with or without a will. The purpose of probate is to: 1) […]

Tag Archives: Will

What Is Probate

Wills and Trust