Demystifying the Law Office
I’m writing this post in the hope that demystifying the process through which estate planning is carried out in our office—and in many law offices like ours—might help you take action. Read on to find out what will happen if you reach out to Caplan Wilkinson or a firm like it.
What Is the Difference Between a Will and a Trust?
Wills and trusts are the basic building blocks of estate planning. Both wills and trusts can be used by people to arrange for their assets to pass to others after death. Although they are both used for estate planning, they are very different documents. Wills and trusts are created and operate in distinctly different ways.
What Is Probate?
Probate is the court procedure used to verify the validity of a will and to distribute a decedent's property after their death. In California, an estate in excess of $184,500 must be “probated” whether or not there is a valid will.