If You Own Property, Have You Looked Into Putting It Into a Trust?
By Todd Shea
2023 President
Santa Barbara Association of Realtors
Transferring property ownership to a trust is one of California’s most popular estate planning techniques. Here in the Santa Barbara area, many of the homes we come across as REALTORS® are owned in a trust. A trustee is tasked with overseeing the management of the assets held by a trust on behalf of beneficiaries. In California, having assets in a trust has several advantages, such as avoiding probate, maintaining privacy, offering asset protection, allowing for flexibility, offering tax advantages, and guaranteeing continuity of management.
Eliminating Probate
You must be logged in to post a comment.