Estate Planning in California: Probate, Wills, & Trusts with Carmen Rosas Law & Realtor Miriam Cruz

  • Understanding the concepts of probate, wills, and trusts, and how they interact with each other.

  • The process and requirements for creating a trust, including considerations for significant assets, minor children, and real estate.

  • Common challenges in estate management, including how to choose a trustworthy individual to manage the trust.

  • The role and costs of bonds in probate proceedings.

  • How creditor claims impact the probate process and the differences from typical probate cases.

  • The necessity of estate planning, including trusts, wills, power of attorney, and health care directives, and the implications of DNR orders.

  • The responsibilities and compensation of trustees, and the conditions under which they can be removed.

  • Issues faced by individuals who represent themselves in legal matters, the importance of hiring professionals, and the timeline for court hearings.

  • Tax benefits of trusts, including how they can help avoid capital gains tax, property tax reassessment, and the impact of California’s Prop 19.

  • The costs of maintaining a trust, debunking myths about trust expenses, and understanding

  • California’s stance on asset protection trusts, estate tax exemptions, lifetime gifts, and estate taxation.

  • How to select a trustee, the potential issues with multiple trustees, and the factors to consider when choosing the right person.

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My Role as a Probate & Trust Specialist | Miriam Cruz