Legal Question in Wills and Trusts in California
In California, my parent owns a mobile home with no mortgage. Rent is paid for the location of the mobile home so the mobile home is not real estate. Current worth is $160,000. Parent also has a savings account with $30,000. No other assets. Is a Living Trust required in order to split assets among her 4 children upon her death for this small of an estate.
Asked on 12/15/23, 6:03 pm
1 Answer from Attorneys
Richard Bryan
Richard Bryan Attorney PC
A living trust is never required. It's often a good idea, but never a requirement.
Good luck.
Answered on 12/15/23, 6:12 pm
Related Questions & Answers
-
When does a Will and Trust become useless? Asked 12/14/23, 7:56 am in United States California Probate, Trusts, Wills & Estates
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
