Living Trust in California

[gowithmygut]

I hope I can get a little direction from the brain trust. My Mother just peacefully passed away; she and my Dad established a living trust in 1990 in California. My Dad passed in 1995 and my Mom was the successor trustee. Their estate is less than $2,000,000 and all major assets, including the house, are in the trust. I am the successor trustee and executor. The estate is be divided equally between me and my sister.

Does anyone have a suggestion regarding reading material that would assist me in handling my duties? Specifically, regarding the house which will be sold, is it advisable to have the trust sell the property directly to the final purchaser or to transfer it first to my sister and myself as joint tenants and we subsequently sell it.

If anyone has any other suggestions I would appreciate it, I will contact my parent’s attorney and CPA but I would like to increase my knowledge before I do.

[ED SMITH]

Get an up to date copy of "The Living Trust", by Henry W Abts. It is considered the bible on living trusts. There is a section in it on distributing the assets.

[gowithmygut]

Thanks

Get an up to date copy of "The Living Trust", by Henry W Abts. It is considered the bible on living trusts. There is a section in it on distributing the assets.

Thank you I will find it.