Securing assets and a ensuring a better future for loved ones are main incentives for estate planning in California. One of the most efficient ways to control assets is through a trust. Arguably the main advantage of a trust is the ability to avoid probate. Probate is basically the settling of an estate, and if assets are not secured upon death, they will most likely have to pass through the probate process.
Probate is the legal process for distributing property and assets after a loved one passes away. Contrary to popular belief, wealthy people are not the only ones who have to deal with probate. Probate is a standard, straight-forward process, but there are many reasons that avoiding probate would benefit California residents.
Although many people avoid the subject, end-of-life planning is a necessity to ensure that assets are rightfully distributed among loved ones. Probate is one way that assets are distributed when a loved one passes away in the state of California. However, probate can be an expensive, tedious and arduous process. Avoiding probate is often recommended, and is not as difficult as it may seem.