Legal Question in Family Law in California
property distribution upon spouses death
My husband's credit allows us great interest rates on homes and vehicles. All vehicles are paid off. They are registered in his name. We have several pieces of rental property and very pricy piece of land. The deed of trusts are in both our names, his name is on the loan. Our primary residence is solely in his name, but is paid off. In the event of death am I entitled to our cars, houses, and land? I would like to know how to protect our assets. We have 2 sons ages 4 and 8. thank you, Suzie
2 Answers from Attorneys
Reply: property distribution upon spouses death
In a general sense, you should consider a revocable trust agreement as the cornerstone of your estate plan.
For a specific opinion regarding your individual circumstances, I suggest that you consult with an experienced lawyer. Experience is not expensive, it's priceless!
You will find some valuable information on various California family law and estate planning issues by visiting my web site.
Good luck to you!
Brian Levy, Esq.
www.calattorney.com
Re: property distribution upon spouses death
typically, the type of protection you are seeking here, usually involves some form of private trust, whether revocable or irrevocable. trusts are EXCELLENT asset protection legal devices that also avoid probate. if you would like to contact us today to let us know more about your protection intent, we can assist you and direct you into what particular type trust might be best to effectuate your desires here.
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