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Will My Spouse and Kids Inherit Everything?
Рет қаралды 1,801
4 ай бұрынWithout a living trust or a will, your assets are subject to Probate! What is Probate, and how much does probate cost? 👉 Book a call at www.cunningham... to understand the consequences of not having an estate plan, learn about probate costs, and discover the benefits of living trusts.
In this essential video, expert attorney Jim Cunningham tackles the critical questions surrounding estate planning. What happens if you pass away without an estate plan? Does your spouse automatically inherit everything, or are your children also entitled to a portion of your assets? Jim also provides a comprehensive overview of Probate - detailing what it is, how much it can cost, and why it might be a process you want to avoid. Furthermore, he explains why many people opt for living trusts as a strategic approach to manage their estate, offering a clearer path for asset distribution and peace of mind for the future.
Don't leave your family's future in uncertainty. Watch this video to equip yourself with the knowledge needed to make informed decisions about your estate planning.
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👉 CONTACT us at www.cunningham... to keep your estate documents current, discuss your estate planning needs, and learn about upcoming events. With offices all over California, we're here to help.
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#cunninghamlegal #livingtrust #probate #inheritance
@chicatita4753 Ай бұрын
Dad died, 3 siblings, and we want to keep the property. Can we keep the property without probate?
@CunninghamLegal Ай бұрын
Whether or not you are required to go through Probate depends on a variety of factors, like if there is a Will or a Living Trust, if the Living Trust was properly funded, and if there are any conflicts between beneficiaries (to name a few). To understand your situation more fully, I highly recommend contacting our firm for a free 15-minute call with a client specialist, where we can gather these types of details and provide you with additional information. Please contact us at: www.cunninghamlegal.com/california-law-offices/contact/ or view our video archive on our website: www.cunninghamlegal.com/blog/after-a-death-trust-administration-trustees-executors-and-probate/
@chaileyip2727 2 ай бұрын
Does a survivor spouse personal brokerage account get a step up basis on the death of a spouse in California? Reply
@CunninghamLegal 2 ай бұрын
If it is the community property of both spouses, or the separate property of the deceased spouse then yes. If it is the separate property of the surviving spouse then no. I hope this helps! *INFORMATION ONLY AND NOT LEGAL ADVICE.
@chaileyip2727 2 ай бұрын
Thank you for the reply! I will further consult with the CPA.
Toby Mathis Esq | Tax Planning & Asset Protection
Рет қаралды 2 МЛН
CunninghamLegal
Рет қаралды 3,9 М.