Refinance Your Heirs into a Probate

People throughout California create revocable living trusts to avoid probate Court after death. It’s smart. It’s simple economics. If you have a $500,000 gross estate probate will be over $15,000 after your death.  Having a living trust, which may cost $2,500, will avoid probate. That doesn’t even factor in the emotional cost of probate. Just simple economics says living trust good and probate bad.  However, many people have been lured by incredibly low interest rates to re-finance their homes. Typically mortgage companies will not loan money to a trust and thus the title and escrow companies require a deed to be signed which pulls the house OUT OF THE TRUST.  Most title companies are not good about preparing a deed to put the house back IN to the trust. Likewise, many people do n
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