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Beneficiary Designations. If [the] son owns the property, or a subsequent property, for a total of ten years, the mortgage is to be discharged by [the] Trustee and [the] son shall be allowed to keep the sum of $150,000. Assets That Don’t Need to Go Through Probate A living trust does not go through the estate planning process upon a person’s death, which can mean a faster distribution of assets to beneficiaries with no additional costs. In California, there is no particular statute for a Living Will, however the law does permit naming a healthcare proxy- the person who will speak on your behalf- and there is absolutely nothing to forbid producing a living will. Revocable Living Trust Attorney is The Law Firm Of Steven F. Bliss Esq.
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