Leslie Daff JD/MBA - Orange County Wills Lawyer with offices in Irvine and Laguna Beach - Certified Specialist in Estate Planning, Probate and Trust Law by the State Bar of California Board of Legal Specialization
WILLS
In some situations, a living trust may not be necessary, and a will is all you need to transfer property not otherwise passing outside of probate (e.g., by beneficiary designation, titling, contractual arrangement). However, the property transferred by will must not exceed $100,000 or it will be subject to probate.
More often than not, and especially if you own real property, a “pour over” will is used in conjunction with a living trust, to catch any assets that may not have been transferred to the trust, so they can be distributed according to the trust’s terms.
You also nominate guardians for your minor children in your will.
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