Legal Question in Wills and Trusts in California

Trust versus will, which should I use?

I have been divorced for--name removed--number of years, have three grown children. Besides--name removed--few thousand dollars my only assets are--name removed--half interest in my home. My daughter owns the other half. I want to pass on those assets with as little trouble as I can manage. Also, I wonder if there is anything I can do to protect my shildrens inheritence from being eaten up by my health costs.


Asked on 10/06/05, 11:12 pm

2 Answers from Attorneys
Ken Koenen Koenen & Tokunaga, P.C.

Re: Trust versus will, which should I use?

If you have interest in a home, your best bet would be a trust. Regarding your health cost concerns, you may need to take another approach, depending on your age and current health situation.

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Answered on 10/07/05, 12:09 pm
Scott Linden Scott H. Linden, Esq.

Re: Trust versus will, which should I use?

A family trust will serve your needs best. There are additional transfers and subtrusts that can be created (based on the initial trust) that can each have the benefits you describe.

Please feel free to contact our office for a free consultation at the number provided by LawGuru. Alternatively, you can learn a little more about our firm and estate planning in general on our firm's site at www.No-Probate.com.

Scott

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Answered on 10/07/05, 2:23 pm


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