Walnut Creek, CA|Local Classified|Announcement|
Walnut Creek Business Owners: Estate Plan Misses: Addressing Separate Property in a Joint Trust
Walnut Creek business owners, tune in as we share some valuable insights and information on addressing separate property on a joint trust.
In this episode of Absolute Trust Talk, Kirsten tackles one of the most common — and commonly overlooked — estate planning scenarios: what happens when one spouse inherits money, assets, or real estate after a joint trust is already in place. She breaks down the difference between separate and community property in California, explains why adding inherited assets to a joint trust doesn't change their character but does affect who controls them, and walks through the two practical solutions she recommends.
Kirsten also reveals a lesser-known complication: even when a trust document grants one spouse sole trustee authority over a separate property account, the financial institution may not honor it — and why that matters more than most clients realize.
[AD] Estate planning addresses many vital factors about your future and legacy. Where do you get started if you don’t have an estate plan? If you do, how have new laws and life transitions changed? Will your plan still protect you? Regardless, you deserve control over your wants, needs, goals, and hopes for the future. We can help you understand your options and, legally, how you will best be protected at all touchpoints. Get started today by scheduling a free discovery call so we can discuss your needs. Visit https://absolutetrustcounsel.com/scheduling/ or call us at (925) 943-2740.
