Have you been tasked with managing real estate within a living trust after a loved one has passed away? Join our insightful webinar, led by attorney Jim Cunningham, to explore the nuances of trust administration for real estate. 👉 Book a Call at https://www.cunninghamlegal.com/book-your-appointment/ for legal advice, help with trust administration, and help with administering a living trust.
Learn how to effectively handle, protect, and transfer property in accordance with the decedent’s wishes. This session will cover the responsibilities and challenges involved in managing real estate within a trust, providing practical steps and expert guidance to ensure a smooth administration process. Whether you’re a trustee or an estate planner, gain the knowledge you need to fulfill your role effectively.
–Contents of this Video——–
0:00 Intro to what to do with real estate in a living trust
1:31 What is a trust administration
3:22 Title matters
6:01 Tenancy
9:11 Title in an entity: Partnership, LLC, or Corporation
13:11 Living trust
16:06 Debt on Real estate
19:26 Mandatory reporting to assessor at death: Change in ownership and reassessment
22:46 What is a change in ownership
27:51 New federal reporting requirements for LLCs, and Partnerships, Corporations, and business trusts
👉 Book a Call at https://www.cunninghamlegal.com/book-your-appointment/ to learn how to make a living trust, avoid California estate tax, and talk to a family trust lawyer.
SUBSCRIBE to California Estate Planning YouTube Channel https://www.youtube.com/c/CunninghamLegal?sub_confirmation=1
CONTACT us at https://www.cunninghamlegal.com/california-law-offices/contact/ to discuss estate planning, keeping your last will or living trust up to date, and find out about upcoming California estate planning events. Offices throughout California.
WEBSITE: https://www.CunninghamLegal.com for California Estate Planning information
FREE LEGAL WEBINARS: https://www.CunninghamLegal.com/webinars includes Q&As with expert attorneys!
PHONE: 1-866-988-3956 for a consultation on a California Living Trust!
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