In this episode of the Five Minute Real Estate Fix, we break down the crucial differences between probates and trusts in California. Discover why setting up a trust can save your loved ones time and money by bypassing the lengthy and costly probate process. Learn about the advantages of trusts, including faster asset transfers, reduced costs, privacy, and control over asset distribution. Also, explore upcoming changes in California law that could impact estate planning and how to prepare for them. For more detailed information, visit 4realestatehelp.com/blog.
00:00 Introduction to Probate and Trusts
00:45 Understanding Probate in California
01:12 Benefits of Setting Up a Trust
02:43 New California Laws Impacting Estates
03:29 Final Thoughts and Next Steps
04:13 Conclusion and Resources
