Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com create custom scrub caps property taxes on California investment properties stay low by putting them into a revocable living trust. I can’t necessarily speak for homes out of state, but in California, let’s keep those property taxes, low #Propertytax #EstatePlanning #LivingTrust #FillThatBucket #Pevney #financialfreedom #orangecounty

Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com #onthisday a business can go inside of a trust, just like a house can. It helps that business avoid probate. If most small businesses have to go through probate with without a proper estate plan, and that business inside of a trust, that business shrivel up and dies.

Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com when an out-of-state home was owned by two people, and both of them have died, we have to figure out who passed away first and what would have happened with their share of the property, and then figure out what happens with the survivors share. Ultimately, it means going through the probate system in the state or the real estate was. #EstatePlanning #LivingTrust #FillThatBucket #Pevney #financialfreedom #orangecounty

Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com a trust can be funded years after it is set up. It is a matter of making sure that things are titled in the name of the trust properly and that there is a proper tax ID number, which is often your own Social Security number

Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com T the right of survivorship with real estate means that the last person standing so to speak owns the home. Then they get to decide what happens with it after they die. #EstatePlanning #LivingTrust #FillThatBucket #Pevney #financialfreedom #orangecounty

Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com Paul can an out-of-state home go inside of my trust? Yes. Trusts are recognized across state lines. I have plenty of clients that put their primary residence in California inside of their trust as well as a rental property in another state like Texas, Florida, Tennessee, or any other state.#EstatePlanning #LivingTrust #FillThatBucket #Pevney #financialfreedom #orangecounty

Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com If you set up an estate plan while married and have since been divorced, it likely needs to be Chandler in full or in part. Do you want your ex making your healthcare decisions for you? In control of your money after you die? Probably not #EstatePlanning #LivingTrust #FillThatBucket #Pevney #financialfreedom #orangecounty #onthisday

Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com #onthisday a trust control property that is inside of the trust. If we don’t title that property in the name of the trust or make it a beneficiary of accounts when we pass away, the trust is completely powerless. #EstatePlanning #LivingTrust #FillThatBucket #Pevney #financialfreedom #orangecounty

Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com Luna Chavez dad is on the deed to grandma’s house, but dad passed away. What happened to the house now? The answer, probate. The court supervised government controlled and judge approved asset distribution system that happens after somebody passes away without in the state plan. #EstatePlanning #LivingTrust #FillThatBucket #Pevney #financialfreedom #orangecounty

Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com #onthisday can you buy out the other beneficiaries of a trust if they are named beneficiaries? Unfortunately, the answer is a lawyers answer. It depends. Often times though one beneficiary can buy another beneficiary when it comes to real estate. #EstatePlanning #LivingTrust #FillThatBucket #Pevney #financialfreedom #orangecounty