LEE HORNER ESQ.
|Probate estate and trust questions regarding California and Arizona estates.|
Thanks for the clarification. First, you should state that you have no children, natural or adopted in the document -- no need to name the niece/nephews etc -- just children have to be referenced or an
This would work as a matter of contract between you and the financial institutions, but only as to those assets; if you have real estate, motor vehicles, etc then if you don't have a will, the State of
See if your motor vehicle registry (dept of motor vehicles/motor vehicle division etc) has a procedure for "non-probate transfer" of a vehicle, In California for example, they have a form that is used
No inheritance tax but are you sure about who is the life tenant? Usually the elder parent deeds the house to the kids and reserves a life estate for himself. You described just the opposite so I'm
I wish I had better news but the answer is nothing. There is a 5 year lookback on transfers of large assets like this -- she could transfer it now to relatives BUT if she were to die within that 5 year