ASSET PROTECTION?
Q.
I own several small real estate investments and am concerned about
asset protection. A
non-lawyer legal services firm has recommended a living trust.
What do you think?
A.
There is insufficient space in this newspaper to express my thoughts.
First, while living trusts have many significant benefits,
asset protection is not one of them. Secondly, only an attorney
can provide legal advice.
A non-lawyer cannot provide legal services or legal advice.
They can only complete fill in the blank forms.
You need to obtain the
advice of a qualified attorney. Top
PROPOSITION
13
Q.
Will transferring title to my home to a living trust cause a reassessment
under Proposition 13?
A.
Absolutely not. Top
LENDER CONSIDERATIONS
Q.
Will transferring title to my home to a living trust put me in
danger of having my lender call the loan due?
A.
No. Under California law, a lender may not accelerate the maturity
of a loan as a result of the owner transferring title to a living
trust. Top
