No Trust In The Process Of Leaving Your Home To Your Heirs

And by "no trust" I'm referring to the fact that we may no longer need a "Trust" to leave our properties to our heirs. Glendale's assemblyman Mike Gatto is trying to untangle the messy red tape that can happen when someone passes away and doesn't have a Trust, or have one set up correctly.  See, here in California, you need what is called a Trust (aka Living Trust) to leave your home to someone after you pass away.  It's not as simple as just leaving it in a Will.  A Trust is a separate legal document that allows your property to be dispersed to the person(s) you name on the Trust.  And along with making this legal document you also have to make sure the title to your property reflect your property as having a Trust.  And if you don't do it right and pass away, your loved ones can pay through the nose to get your property passed into their possession.  It's a real tricky and expensive thing.  But read more here about what Mike Gatto's plans are for this and follow along because it could have an impact on anyone who owns property here in California http://www.scpr.org/programs/offramp/2015/03/24/42090/avoid-the-horrors-of-probate-under-new-bill-from-a/

For more information on Trusts, Wills and everything else legal, call a real estate lawyer or estate planner.  I have a couple great ones I can refer you to if you like.