What Happens When A Parent Dies With A Home In A Trust And You Are The Beneficiary?
Passing It On: Estate Planning for Families · Michael Pevney
October 24, 20231m 28s
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Show Notes
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com Lane942 when a parent passes away with a living trust with you as the beneficiary, we have to follow the terms of the trust in figuring out what to do with at home. If the home is being left with no strings attached, that often means going to the county recorders office, filing a new deed or some affidavit with the death certificate attached putting the Home into your name. Make sure to consult an accountant because there could be some property tax consequences associated with This. #EstatePlanning #Property tax #LivingTrust #FillThatBucket #Pevney #OrangeCounty #California