California Living Trust Tax Secrets Revealed Today Only
Privacy and Probate Avoidance
Unlike a will, which becomes a public document once it enters probate, a living trust remains private. This means that the details of your estate are not disclosed to the public, providing a layer of confidentiality. Additionally, by avoiding probate, a living trust can significantly reduce the time and cost involved in settling an estate. Probate in California can take anywhere from 9 months to 2 years, and the costs can be substantial, often ranging from 4% to 7% of the estate's value2.