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4 Benefits of Having a Revocable Living Trust

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Estate planning is not something that a lot of people place at the top of their priority list, but it is something that is very important. To begin, you should visit an estate planning lawyer to find out what options would work best for you. One option is a revocable living trust.

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Prop 13 may require reassessment of property upon the death of a trustor.

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The death of a trustor of a trust that holds real property can trigger reassessment as of the trustor's death unless the trust leaves the property to the trustor's spouse or children. But certain notices and forms must be filed with the county assessor to avoid the reassessment to fair market value as of the date of death,

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