by jasonsbuckingham | May 18, 2022 | Estate Planning, FYI
One of the most common questions about estate plans is: What’s the difference between a trust and a will? In California, the difference is big if you’re a homeowner. Basically, having a properly prepared and funded trust means avoiding Probate, while having just a...
by jasonsbuckingham | Apr 12, 2022 | Estate Planning, FYI
In a previous post, I wrote about qualities a successor trustee should have to ensure a successful trust administration. While it should go without saying, there will be problems when a successor trustee tries to administer a trust estate if they lack knowledge and...
by jasonsbuckingham | Mar 25, 2022 | Estate Planning, FYI
People often believe that they must change the name on their bank accounts as part of establishing their living trust. However, “changing” the owner of a personal bank account actually means closing the account and opening a new one in the new owner’s name. If you...
by jasonsbuckingham | Mar 23, 2022 | Estate Planning, FYI
If you have already established a living trust to avoid probate, congratulations! This post is about the short list of things you should do after you sign your living trust. Property Insurance — Contact your insurance agent to get a Trust Endorsement added to your...