Is my will sufficient here in California?
If you just moved to California, and you have a will created in a different state, you may need to redo it. The reason is that wills are not given powers in California. This means that a will does not protect against probate, federal taxes, or creditors. In California, the only way to do that is to create a living trust (also known as a comprehensive estate plan). Different states give different powers to wills. If you are new to the process and are beginning your estate
Why transferring your property to your children directly is a bad idea.
Why transferring your property to your children directly is a bad idea Parents sometimes think that one of the easiest ways to secure their property is to simply transfer their property to their beneficiaries (usually children) directly rather than using a trust. If you have multiple children and you transfer your property to them, than each recipient gets a certain percentage of the property. This is a bad idea for two reasons: the first is because if the recipient has pro
