How can I transfer real estate without probate?
Transferring real estate without having to go through probate in California is possible through certain strategies and instruments. One strategy is to establish a revocable living trust. A revocable living trust allows for the transfer of your property without the need for probate. This can be done by transferring the deed to the house into the name of the trust. When creating a revocable living trust, you will designate an executor and a successor trustee who will manage the trust on your behalf. You can also transfer real estate without probate through joint ownership. Joint ownership allows for the transfer of real estate between two or more owners when one of the owners passes away. When one of the owners passes away, the title of the property will transfer to the surviving owners. You may also put your real estate in the names of designated beneficiaries with a right of survivorship. This means that when one of the owners passes away, their portion of the property will transfer to the surviving owners. Another way to transfer real estate without probate is to transfer your real estate within a limited liability company (LLC). An LLC allows for a transfer of ownership of the LLC’s property upon the death of the owner of the LLC. Lastly, you may transfer real estate through a transfer on death deed. This deed allows for the transfer of the title of the property to a designated beneficiary upon the death of the owner. Therefore, transferring real estate without probate in California can be done through certain strategies, instruments, and deeds.
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