Trusts Are Different From Wills
Upon death, the assets become part of an estate and transfer to the beneficiaries listed in the will through the probate process.
It involves the creation of important legal relationships between three different roles: grantors, beneficiaries, and trustees. A trust allows assets to be moved out of your ownership and into the ownership of the trust. Trusts are created and administered while you’re alive. Once you pass, the trustee, successor trustee’s duties are to transfer the assets to the designated beneficiaries, which often includes the selling of real property.
See Selling Property in Conservatorship for more info, or call us for a confidential consultation at 415-690-6084 and remember, when it comes to Real Estate…Pat Rocks!
