There are several factors you will need to consider. 1. Age of your children. 2. Other probate assets. 3. Contingencies on the beneficiary...

Can I undue the joint tenancy by having my kids quit claim back their interests? Are there tax consequences?

Yes, you can "undue" the joint tenancy of the properties. However you must understand the different requirements with the County Recorders in...

I agree with the comments here. You will want to have your Irrevocable Trust reviewed by an Estate Planning Attorney. If a loan is allowed, are...

When my Mother-in-Law's home is sold, it is to be divided amongst the 7 children. Will my husband's share be given to me?

Without a living trust, the house would go through probate. Since your husband predeceased his mother, his share of her estate would technically...

What is advantage of living trust vs a will in our situation!

You need both. Based on your family situation - married, minor children, primarily owning real estate and have financial accounts in California. ...

A CA citizen told me that in CA, one may shield assets from lawsuits by using a trust in combination with a will. Any truth ?

Without the context of your discussion it is hard to substantiate what you were told. However, with a revocable living trust, you are not afforded...

Is it necessary to have a Power of Attorney for healthcare and financial separate from the one in your trust?

To answer your question - Your mother needs the POAs for health and finance. Normally, these documents come into effect when the individual becomes...

My house is in Nevada but I plan on moving to California. Can I have an estate plan created in California now before I've moved?

First and foremost, I am sorry for your loss. The quick answer to your question is that you should establish your estate plan now. When we...