Do You Own a House, a Commercial Property, or Business in California? If so you need a trust. Many people believe that with the change in the Federal Estate Tax Law passed last year by Congress, they no longer need to have a living trust. This is incorrect!
If you own real estate (a house or commercial building), or a business, you should have a living trust in place. If you don't have a living trust, when you die your family will have to go through probate, which is costly and time consuming.
With no living trust in place, if you own a house, a commercial property, or a business, your family may have to obtain a court order to sell the house, property, or business. When a business owner dies, time is critical in being able to sell the business before you lose customers or clients. With probate, this can take months. If your business is owned by your trust, the trustee can sell the business without a court order which get money to a family sooner. We can help. Call today.