Legal Question in Wills and Trusts in California

Either a Land trust or Revocable Living Trust. It is my opinion that all persons who own real estate in California should have one of these documents to avoid probate and tax liability.

There is no single answer that can be given in a forum like this. Your ability to reduce taxes will depend on a variety of factors, including the type and amount of assets, family situation, and a whole variety of other issues. Creating a simple revocable trust will help you to avoid probate proceedings, i.e. going to Court, but does not necessairly save taxes. You need to sit down with a qualified estate planning lawyer to discuss your specific situation and to get informed advice. If you would like us to help you, please give me a call at 310.478.2541.

Jon Reich

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